Overview
Alpine Banks Q3 net income rises to $18.5 mln, reflecting strong financial performance
Company's net interest margin improves to 3.54% from 3.50% in prior qtr
Earnings per share increased 41.4% yr/yr, driven by higher loan yields
Result Drivers
INTEREST INCOME - Increase in interest income due to higher yields and volume in loan portfolio
NONINTEREST INCOME - Rise in noninterest income driven by higher service charges on deposit accounts
NONINTEREST EXPENSE - Higher noninterest expenses due to increased salary and occupancy costs
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
$18.50 mln
Q3 Net Interest Margin
3.54%
Q3 Provision For Loan Losses
$1.70 mln
Press Release: ID:nGNX4hYcTl
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)