Company did not provide specific financial guidance for the current quarter or full year
Key drivers
Record net interest margin — Company said Q2 net interest margin reached a record 4.51%, mainly due to lower funding costs
Lower noninterest income — Company said noninterest income fell year over year due to the absence of gains on sale of SBA loans and investment securities
Higher noninterest expense — Company said noninterest expense rose from the prior quarter, mainly due to higher salaries
Reported metrics
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.79
Q2 Dividend
$0.16
Q2 Net Interest Margin
4.51%
Quarterly results and dividend
U.S. community bank's Q2 EPS slipped year over year but rose from the previous quarter
BKOR•
