
Overview
U.S. bank holding company's Q4 net income rose from prior quarter
Q4 net interest margin improved to 4.03% from 3.97% in prior quarter
Deposits increased by $28.2 mln in Q4, while loans decreased by $27.2 mln
Outlook
Company did not provide specific guidance for future quarters or full year
Result Drivers
NET INTEREST INCOME - Increased average interest-earning assets and decreased interest expense contributed to higher net interest income
DEPOSIT GROWTH - Deposits increased by $28.2 mln in Q4, contributing to the company's financial stability
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 EPS |
| $0.90 |
|
Q4 Net Income |
| $6.2 mln |
|
Q4 Net Interest Income |
| $17.6 mln |
|
Q4 Net Interest Margin |
| 4.03% |
|
Press Release: ID:nGNX92w32F
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