LINKBANCORP Q2 net income $1.6M ($0.16/diluted); loans up $61.5M

LINKBANCORP, Inc.

2022-Q2 EPS reported $0.31

Net income of $1.606M, or $0.16 per diluted share for Q2 2022.
Net loans grew $61.5M (34% annualized); noninterest-bearing deposits up $19.1M (46% annualized).
Net interest income $7.85M, up $376K linked quarter; net interest margin 3.38%.
Total assets $1.060B at June 30 vs $1.036B at March 31; NPAs 0.14% of assets.
Bank capital strengthened after $15M contributed from subordinated notes issuance.

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