Consumers Bancorp reports record FY net income $9.0M, up 62.6%; Q4 EPS $0.65, up 25%

CONSUMERS BANCORP INC /OH/

2021-FY EPS reported $2.98 revenue$3,415,000

FY2021 net income $9.0M ($2.98/share) vs $5.5M ($1.92/share) in FY2020, a 62.6% increase.
Q4 net income $2.0M ($0.65/share), up 25.4% from $1.6M ($0.52/share) in Q4 2020.
Net interest margin 3.67% for FY; loans grew 4.3%, deposits up 14.8% ($93.5M).
Provision for loan losses fell to $850K from $2.0M; non-performing loans at 0.34% of total loans.
Acquisition of two CFBank branches in Columbiana County closed July 2021, post period.

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