BV Financial Q3 net income falls on lower loan balances
BV Financial Q3 net income falls on lower loan balances
Overview
US community bank's Q3 net income and EPS declined yr/yr
Q3 operating pre-provision net revenue rose yr/yr
Company repurchased 163,540 shares during the quarter
Outlook
Company did not provide specific financial guidance for the current or future periods in its press release
Result Drivers
LOWER LOAN BALANCES - Co said lower average loan balances drove decrease in net interest income
LOWER EXPENSES - Decreases in staffing and equity plan costs reduced noninterest expense
Company press release: ID:nACSbrPPSa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS |
| $0.42 |
|
Q3 Net Income |
| $3.4 mln |
|
Q3 Net Interest Income |
| $9.1 mln |
|
Q3 Net Interest Margin |
| 4.46% |
|
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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.)