CSB Bancorp posted Q2 net income of USD 4.74 million, up 27.05% year over year; diluted EPS rose to USD 1.80 from USD 1.41.
Return on average common equity widened 2 percentage points to 14.48%, while return on average assets increased 0.25 percentage points to 1.48%.
Pre-provision net revenue climbed 24% to USD 6.5 million; net interest income rose 15% on a 23 bp lift in FTE net interest margin to 3.92%.
Nonperforming loans increased to USD 7.3 million, or 0.84% of total loans; the allowance for expected credit losses rose to USD 13.5 million, or 1.56%.
CEO Eddie Steiner cited stable rates and employment supporting business expansion and home buying, while flagging persistent inflation, global uncertainty, and rising consumer delinquencies.
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