Ottawa Bancorp Q3 net income doubles

Ottawa Savings Bancorp

03/11/2025 21:49

Overview

Ottawa Bancorp Q3 net income rises to $0.4 mln from $0.2 mln in 2024

Company completed seventh stock repurchase, buying 120,996 shares at $15.01 each

Non-performing loans decreased to $3.7 mln due to resolution of impaired loans

Outlook

Company did not provide specific future guidance

Result Drivers

NET INTEREST INCOME - Increase in net interest income due to higher yield on interest-earning assets and lower interest expense

ASSET QUALITY - Decrease in non-performing loans due to resolution of impaired loans

CAPITAL MANAGEMENT - Stock repurchase program completed, enhancing shareholder value

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.18
Q3 Net Income
$400,000
Q3 Basic EPS
$0.18
Q3 Net Interest Margin
3.09%


Press Release: ID:nGNX8vm45R

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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.)