Parkway Acquisition reports Q4 2021 net income $2.6M ($0.45 EPS); declares $0.15 dividend

Skyline Bankshares, Inc.

Q4 net income $2.6M ($0.45 diluted EPS) vs $1.7M ($0.28) YoY; FY net income $9.5M ($1.59) vs $5.9M ($0.97).
Total assets $995.8M (+16.4% YoY); deposits $898.2M (+18.9%); core loan growth >7% annualized.
Net interest margin 3.93% in Q4, down from 3.95% a year ago but up from 3.60% in Q3.
Stock repurchase of 383,584 shares for $5.4M in Q4; book value per share $15.20.
Cash dividend declared $0.15/share, payable March 21, 2022 to holders of record March 11, 2022.

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