The company did not provide specific financial guidance for future quarters or the full year
Key details
Metric
Actual
Q3 EPS
$0.98
Q3 Net Income
$7.72 mln
Q3 Net Interest Income
$18.81 mln
Q3 Net Interest Margin
3.85%
Result drivers
Loan growth - Net loans receivable rose 3% from the prior quarter, driven by increases in commercial real estate and construction loans
Net interest margin expansion - Net interest margin improved to 3.85%, supported by sequential higher interest income on loans and a larger average balance of interest-earning assets
Deposit growth - Total deposits increased 1% from the prior quarter and 6% year-over-year, contributing to funding stability
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