ENB Financial Q1 net income $3.94M (+61.5% YoY); EPS $0.70 vs $0.43

ENB Financial Corp

Basic EPS $0.70, up from $0.43; ROA 0.80% and ROE 13.40% improved vs 0.53% and 9.76%.
Net interest income fell 3.1% ($432K) on higher deposit costs; provision for credit losses released $644K vs expense of $1.257M last year.
Total assets $1.99B (+5.5%), loans $1.38B (+9.9%), deposits $1.72B (+4.3%), equity $121.9M (+15.0%).
Other income surged 63.8% driven by trust & investment fees, service fees, and mortgage gains; operating expenses rose 9.9% as salary costs increased 11.8%.
Year-over-year earnings outperformance supported by credit release, lower securities losses, and stable local economy.

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 0.9

ENB Financial Corp reported first quarter of 2024 results: net income $3,941,000, EPS $0.70.

Period: first quarter of 2024
Net income: $3,941,000
EPS: $0.70
Result: reported results

Exact text from the filing

ENB Financial Corp Reports First Quarter 2024 Results (April 15, 2024) -- Ephrata, PA – ENB Financial Corp (OTCQX: ENBP), the bank holding company for Ephrata National Bank, reports net income for the first quarter of 2024 of $3,941,000

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Source: SEC EDGAR

accession 0001174947-24-000554

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