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BORT — Bank of Botetourt News Story

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Bank of Botetourt Q4 profit rises on higher loan income

Overview

Virginia community bank's Q4 net income rose 38.64% yr/yr

Basic EPS for Q4 increased to $1.32 from $0.94 yr/yr

Company announced 11.1% increase in quarterly dividend

Outlook

Company remains focused on delivering long-term shareholder value

Bank of Botetourt to pay increased quarterly dividend of $0.25 per share

Result Drivers

LOAN INCOME - Increase in interest and fees on loans by $1,588,000 contributed to higher net income

INTEREST EXPENSE - Decrease in interest expense by $181,000 due to lower rates on deposits and borrowings

NONINTEREST INCOME - Noninterest income increased by $24,000 due to higher service charges and mortgage loan gains

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 EPS$1.32
Q4 Basic EPS$1.32
Press Release: ID:nPnJ1XfKa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (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.)

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