earnings
confidence high
sentiment positive
materiality 0.65
CSB Bancorp Q4 net income $3.7M, EPS $1.38; full-year earnings up 11%
CSB Bancorp, Inc.
2023-FY EPS reported
$5.51
- Q4 net income $3.697M ($1.38 diluted EPS) vs $3.753M ($1.39) in Q4 2022; full-year net income $14.756M, up 11% from $13.313M.
- Loan balances grew 12% YoY; net interest margin (FTE) improved to 3.36% from 3.33%; efficiency ratio 56.7%.
- Nonperforming assets remained low at 0.06% of loans; net loan recoveries of $5K in Q4 vs net losses of $170K year ago.
- Dividend declared $0.38 per share (annualized yield ~4.0% based on $37.54 close).
- CEO noted improvements in ROA, ROE, NIM, and efficiency from Q3 to Q4 and full year.