Overview
Wealth and banking services provider's Q4 net income rose yr/yr
Loans increased 21% yr/yr to $814 mln at year end
Total deposits rose 43% yr/yr to $1.24 bln
Result Drivers
LOAN GROWTH - Loans increased 21% yr/yr to $814 mln at year end, supporting revenue growth
DEPOSIT INCREASE - Total deposits rose 43% yr/yr to $1.24 bln, aiding in funding growth
NET INTEREST MARGIN - Net interest margin rose to 2.97% in Q4, reflecting improved interest income
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
$5.48 mln
Q4 Net Interest Margin
2.97%
Press Release: ID:nGNX5R2d1F
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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.)