Salisbury Bancorp rises on deposits growth

Salisbury Bancorp

20/04/2022 17:49

** Financial services company  SAL.O  up as much as 2.8% to
$55.79
    ** Says deposits grew 6.5% to nearly $1.3 bln in Q1 (https://refini.tv/3Op1TUk)
    ** Co posts net income available to common shareholders of
$3.5 mln, or $1.24 per share, vs $4.5 mln, or $1.59 per share,
last year 
    ** Wall Street analysts estimated earnings of $1.47 a share,
according to data from Refinitiv IBES
    ** "While our residential mortgage pipeline has begun to
normalize back to pre-pandemic levels, our commercial pipeline
is very strong," says CEO Richard Cantele, Jr



 (Reporting by Mehnaz Yasmin in Bengaluru)
 ((Mehnaz.Yasmin@thomsonreuters.com))