Oregon Bancorp Q2 net income rises on loan and deposit growth - ORBN News | RalliesOregon Bancorp Q2 net income rises on loan and deposit growth
O
ORBN• Outlook
- Company expects core earnings to strengthen as Mortgage Banking Department expenses subside
- Company notes continued uncertainty from geopolitical conflicts, trade tensions, and inflationary pressures
Overview
- US community bank's Q2 net income rose from prior quarter to $604,000, or $0.24 per share
- Total assets increased $19.6 million to $465.4 million, with loans and deposits both rising
- Company says improved earnings reflect lower mortgage banking expenses and growth in core banking
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|
| Q2 EPS | | $0.24 | |
| Q2 Net Interest Income | | $4.33 mln | |
| Q2 Loan Loss Provision | | $91,000 | |
Result drivers
- Lower mortgage banking expenses - Co said improved earnings reflect lower operating expenses in the Mortgage Banking Department
