secwatch.observer — SEC 8-K summary
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Issuer:     ENB Financial Corp (ENBP)
CIK:        0001437479
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001174947-24-001152
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ENB Financial Q3 2024 net income down 7.7% to $3.34M; EPS $0.59 vs $0.64 YoY
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- Net income $3.34M in Q3 2024, down 7.7% vs Q3 2023; YTD net income $11.59M, up 47.6%.
- Provision for credit losses $497K in Q3 2024 vs release of $504K in Q3 2023 due to classified loan uptick.
- Net interest income up $812K (6.1%) in Q3; deposit interest expense jumped 39.8% from competitive rate pressure.
- Operating expenses up 8.4% in Q3; salary & benefits rose 17.6% due to competitive hiring market.
- Total assets $2.09B, up 9.6% YoY; deposits $1.82B, up 9.3%; equity $135.2M, up 38.6%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437479/000117494724001152/0001174947-24-001152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437479/000117494724001152/form8k-33036_enbf.htm
  HTML page:      https://secwatch.observer/filing/0001174947-24-001152

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