
Overview
U.S. bank's Q4 net income rose 53% yr/yr, driven by strong asset growth
Total assets increased 20% yr/yr to $606.8 mln
Loan growth of $88.8 mln, or 21%, for the year
Result Drivers
LOAN GROWTH - Co reported loan growth of $25.5 mln for Q4 and $88.8 mln for the year, contributing to increased net interest income
NET INTEREST INCOME - Net interest income increased 28% in Q4 due to a $42.6 mln rise in average interest earning assets
EFFICIENCY IMPROVEMENT - Efficiency ratio improved to 35.66% due to lower noninterest expenses
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Net Interest Margin |
| 4.30% |
|
Press Release: ID:nPn5zcDjza
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