Skyline Bankshares Q4 net income rises, NIM improves
Overview
Bank holding company's Q4 net income rose yr/yr
Net interest margin for Q4 increased to 4.39% from 4.10% last year
Company reduced borrowings by $26.5 mln in Q4
Outlook
Skyline Bankshares did not provide specific financial guidance for future periods
Result Drivers
LOAN GROWTH - Interest income on loans increased by $1.6 mln in Q4 due to organic loan growth
DEPOSIT GROWTH - Noninterest-bearing deposits grew by $33.1 mln, enhancing net interest margin
BORROWINGS REDUCTION - Co reduced borrowings by $26.5 mln, lowering interest expenses
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 EPS |
| $0.79 |
|
Q4 Net Income |
| $4.39 mln |
|
Q4 Net Interest Income |
| $13.32 mln |
|
Q4 Pretax Profit |
| $5.61 mln |
|
Q4 Provision for Credit Losses |
| $217,000 |
|
Press Release: ID:nGNXrt4s8
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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