
Overview
Alaska bank's Q4 net income rose slightly to $20.1 mln
Company's net interest margin increased to 3.82% from 3.12% last year
Non-performing loans rose to $10.6 mln, impacting credit loss provisions
Outlook
Company did not provide specific guidance for future quarters or full year
Result Drivers
LOAN GROWTH - Record annual loan growth strengthened earning asset mix, contributing to net income increase
INTEREST INCOME - Q4 interest income continued positive trend, contributing to record net income
EXPENSE MANAGEMENT - Robust non-interest income growth and outstanding expense management pushed net income to record high
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 EPS |
| $6.33 |
|
Q4 Net Income |
| $20.06 mln |
|
Q4 Net Interest Margin |
| 3.82% |
|
Q4 Provision For Loan Losses |
| $2.21 mln |
|
Q4 ROE |
| 14.16% |
|
Press Release: ID:nGNXF2Y8j
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