Morris State Bancshares Q3 profit up on non-recurring items

Morris State Bancshares

31/10/2025 12:10

Overview

Morris State Q3 net income rises 68.98% yr/yr, driven by non-recurring items

Net interest margin increased to 4.48% from 4.43% in the prior qtr

Efficiency ratio improved to 36.96% due to ERC and PAM adjustments

Outlook

Company expects stable loan demand with potential slight increase from M&A activity

Result Drivers

NON-RECURRING ITEMS - Net income boosted by COVID Employee Retention Credit and accounting change related to investment tax credits

NET INTEREST MARGIN - Increased to 4.48% due to solid loan growth, supporting higher net interest income

LOAN GROWTH - Loans increased $18.2 million during the third quarter, contributing to higher net interest income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.87
Q3 Net Income
$9.20 mln
Q3 Net Interest Income
$15.80 mln
Q3 Basic EPS
$0.87
Q3 Net Interest Margin
4.48%


Press Release: ID:nGNX1dzHRG

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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.)