CSB Bancorp Q1 net income falls 25% to $2.93M; provision expenses rise sharply

CSB Bancorp, Inc.

2024-Q1 EPS reported $1.10

Diluted EPS $1.10 vs $1.46; net income $2.93M vs $3.93M in Q1 2023.
Provision for credit losses on loans increased $571K; off-balance sheet provision added $612K from Q1 2023.
Net interest margin (FTE) flat at 3.37%; net interest income up $183K (+2%) YoY.
Nonperforming assets $361K (0.05% of loans) vs $218K a year ago; delinquencies rose to 0.30% from 0.13%.
Dividend $0.39 per share declared, annual yield 3.9% based on $40 close; shareholders' equity $110M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CSB Bancorp, Inc. reported quarter ended March 31, 2024 results: net income $2,933,000, EPS $1.10 per basic and diluted share.

Period: quarter ended March 31, 2024
Net income: $2,933,000
EPS: $1.10 per basic and diluted share
Result: reported results

Exact text from the filing

CSB Bancorp, Inc. (OTC Pink: CSBB) today announced first quarter 2024 net income of $2,933,000, or $1.10 per basic and diluted share

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CSB Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-046930

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