SLBK•Skyline Bankshares said Q3 net income and EPS rose year over year, with net income of $5.07 million and EPS of $0.90. Net interest margin increased to 4.61% from 4.27% a year earlier.
Skyline Bankshares reported Q3 net income of $5.07 million, EPS of $0.90 and net interest income of $14.49 million. Net interest margin rose to 4.61% from 4.27% a year earlier.
The company said organic loan growth drove higher interest income and expects loan growth to continue supporting earning assets and loan yields. Deposit repricing reduced interest expense, though the company anticipates deposit costs could rise amid competitive pressures. Higher service charges and mortgage origination fees contributed to increased noninterest income.
