CSB Bancorp Q3 net income rises 20% on higher net interest income and loan growth
CSBB•CSB Bancorp’s third-quarter net income rose 20% year over year to $4.99 million, with earnings per share reaching $1.90. Net interest income increased 15% to $12.65 million, and net interest margin was 3.99%.
1. Quarterly results
CSB Bancorp reported third-quarter net income of $4.99 million, up 20% year over year, and earnings per share of $1.90. Net interest income rose 15% to $12.65 million, driven by higher loan volumes and improved yields; noninterest income increased 13%, while noninterest expense rose 9%.
