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EXSR — Exchange Bank News Story

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Exchange Bank Q3 net income rises 76% driven by higher loan volumes

Overview

Exchange Bank Q3 net income rises to $8.6 mln, up from $4.9 mln last year

Net interest income increased by $3.3 mln, driven by loan interest and reduced borrowings

Non-interest income up 25%, aided by $1.4 mln gain on sale of bank premises

Outlook

Exchange Bank did not provide specific future guidance in the press release

Result Drivers

NET INTEREST INCOME - Increase driven by higher loan volumes and reduced borrowing costs

NON-INTEREST INCOME - Boosted by $1.4 mln gain on sale of unused bank premises

ASSET QUALITY - Strong asset quality with reduced non-accrual loans

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Net Income$8.55 mln
Q3 Net Interest Income$23.28 mln
Q3 Basic EPS$4.99
Q3 Pretax Profit$11.74 mln
Press Release: ID:nBw9jr1Cwa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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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