Parkway Acquisition Q2 net income $2.2M ($0.40 EPS); core loans grow 13% YoY

Skyline Bankshares, Inc.

Q2 2022 net income $2.2M vs $2.3M in Q2 2021; diluted EPS $0.40 vs $0.38.
Six-month net income $4.6M ($0.83) up 12% from $4.1M ($0.69) year ago.
Core loans grew $81.7M (13.0%) YoY, offsetting $56.2M decline in PPP loans.
Total deposits $953.7M, up 12.7% YoY; lower-cost core deposits annualized growth 25% in Q2.
Return on average equity improved to 11.67% from 10.74% a year ago.

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