Higher asset yields - Net interest income rose due to a 25 bps increase in average yield on interest-earning assets and a $44.9 million increase in average interest-earning assets outstanding.
Prepayment penalty fee - An early payoff of a commercial loan resulted in $370,000 of prepayment penalty fee income, boosting net interest margin by 7 bps.
Noninterest income gains - Noninterest income increased 14% from Q1, driven by a $184,000 rise in swap fee income and a $78,000 increase in customer fees, including Treasury Management products and services.
Key reported figures and analyst snapshot
Metric
Actual
Q2 EPS
$0.90
Q2 Net Income
$5.90 million
Q2 Net Interest Income
$14.80 million
Q2 Net Interest Margin
2.93%
The one available analyst rating on the shares is "buy".
The average consensus recommendation for the banks peer group is .
CFBK•
