earnings
confidence high
sentiment negative
materiality 0.75
CSB Bancorp Q3 net income falls to $3.1M ($1.18 EPS) from $3.5M ($1.30); credit loss provision jumps
CSB Bancorp, Inc.
2024-Q3 EPS reported
$2.89
- Q3 net income $3.145M, down 10% YoY; diluted EPS $1.18 vs $1.30.
- Provision for credit loss expense rose $523K vs Q3 2023; $4.1M charge-down on a $6.4M commercial relationship.
- Nonperforming assets at $3.4M (0.47% of loans) vs $260K (0.04%) a year ago.
- Net loan charge-offs $4M in Q3 vs net recoveries of $119K in prior-year quarter.
- Q3 dividend maintained at $0.40 per share; book value per share up 7% YTD.