Consumers Bancorp reports Q1 FY2023 net income of $2.5M, down 4.9% YoY

CONSUMERS BANCORP INC /OH/

2023-Q1 EPS reported $0.83

EPS of $0.83 vs $0.88 prior year; net interest income up 5.3% to $423K.
Total loans grew $25.8M (16.8% annualized); deposits up $25.5M (11.5% annualized).
Non-performing loans fell to record low of 0.01% of total loans.
Loan loss provision rose to $410K from $190K due to organic loan growth.
Other income declined $142K on a 68.2% drop in mortgage banking gains.

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