LINKBANCORP posts record Q1 net income of $5.73M; adjusted EPS $0.16, NIM 4.03%

LINKBANCORP, Inc.

2024-Q1 EPS reported $0.15 revenue$40,504,000

Net income $5.73M ($0.15 diluted EPS); adjusted $5.77M ($0.16) excluding merger costs.
Net interest income before provision $24.9M, up from $14.3M in Q4 2023; NIM expanded to 4.03% from 3.55%.
Total deposits $2.39B, up from $2.30B at Dec 2023; loans $2.25B, slightly increased from $2.24B.
Cash and equivalents $172.3M, more than double the $80.2M at Dec 2023, boosting liquidity.
Non-performing assets low at $6.7M, representing 0.25% of total assets.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LINKBANCORP, Inc. reported the quarter ended March 31, 2024 results: net income $5.73 million, EPS $0.15 per diluted share.

Period: the quarter ended March 31, 2024
Net income: $5.73 million
EPS: $0.15 per diluted share
Result: reported results

Exact text from the filing

reported net income of $5.73 million, or $0.15 per diluted share, for the quarter ended March 31, 2024

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Source: SEC EDGAR

accession 0000950170-24-049953

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