ENB Financial Corp Q3 net income down 9.9% to $3.6M; EPS $0.64 vs $0.71

ENB Financial Corp

Net income $3.613M for Q3 2023, down 9.9% YoY; nine-month net income $7.851M, down 19.5%.
Basic/diluted EPS $0.64 for Q3 vs $0.71; YTD EPS $1.39 vs $1.74.
Net interest income declined 1.7% for quarter; provision for credit losses released $504,000.
Operating expenses rose 13.2% for quarter and 14.9% YTD on higher salaries, benefits, tech costs.
Loans grew 19.8% to $1.34B; deposits up 1.8%; ROA decreased to 0.75% from 0.89%.

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

ENB Financial Corp reported the third quarter of 2023 results: net income $3,613,000, EPS $0.64.

Period: the third quarter of 2023
Net income: $3,613,000
EPS: $0.64
Result: reported results

Exact text from the filing

ENB Financial Corp Reports Third Quarter 2023 Results (October 17, 2023) -- Ephrata, PA – ENB Financial Corp (OTCQX: ENBP), the bank holding company for Ephrata National Bank, reports net income for the third quarter of 2023 of $3,613,000, a $396,000, or 9.9% decrease, from the $4,009,000 earned during the third quarter of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ENB Financial Corp reported the nine months ended September 30, 2023 results: net income $7,851,000, EPS $1.39.

Period: the nine months ended September 30, 2023
Net income: $7,851,000
EPS: $1.39
Result: reported results

Exact text from the filing

Net income for the nine months ended Sepember 30, 2023, was $7,851,000, a $1,907,000, or 19.5% decrease, from the $9,758,000 earned for the nine months ended September 30, 2022.

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Source: SEC EDGAR

accession 0001174947-23-001209

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