Company did not provide specific guidance for upcoming quarters or full-year results
Overview
US commercial lender's fiscal Q4 net income rose 36% yr/yr to $34.3 mln
Diluted EPS for fiscal Q4 was $4.05, up from $3.00 a year ago
Quarterly results driven by record loan origination and higher interest income
Result drivers
Loan growth - Record loan origination volume, especially in National Lending, drove higher interest income
Credit loss provision - Lower provision for credit losses contributed to higher net income
Noninterest income decline - Lower gains on sale of SBA loans reduced noninterest income, partly offset by recovery of insured credit losses
Key details and analyst coverage
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$4.05
Q4 Net Income
$34.30 mln
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
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