Wilson Bank reports Q1 net income $11.4M (+2% YoY); declares $0.35 special dividend

WILSON BANK HOLDING CO

2022-Q1 EPS reported $1.01 revenue$2,877,000

Net income $11.4M, up 2.05% YoY; diluted EPS $1.01 (flat with Q1 2021).
Assets $4.1B (+15.8% YoY); deposit growth slowed to 3.8% vs 6.1% in prior year.
Adopted CECL; added $2.7M to allowance for credit losses on new loans and unfunded commitments.
Board declared special $0.35/share cash dividend, payable May 6, 2022 to holders of record April 11, 2022.

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