Consumers Bancorp Q3 net income rises 22% to $2.6M; EPS $0.85 vs $0.70

CONSUMERS BANCORP INC /OH/

2022-Q3 EPS reported $2.77

Net income $2.6M for Q3, up 22.2% YoY; EPS $0.85 vs $0.70.
Nine-month net income $8.4M, up 19.8%; EPS $2.77 vs $2.33.
Total loans grew $37.2M (annualized 8.7%) in nine months; core loans up $82.6M (annualized 21.4%).
Non-performing loans fell to 0.11% of total loans; deposits up $163.8M including $104.5M from branch acquisition.
Net interest margin 3.50% for Q3; cost of funds declined to 0.21%.

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