Parkway Acquisition Q3 net income $2.8M ($0.50/sh) vs $2.7M ($0.45/sh) YoY; NIM expands to 3.70%

Skyline Bankshares, Inc.

Net income $2.8M ($0.50/sh) in Q3 2022, up from $2.7M ($0.45/sh) in Q3 2021; 9-month net income $7.4M ($1.32/sh) vs $6.8M ($1.14/sh).
Net interest margin expanded to 3.70% in Q3 2022 from 3.54% in Q2 2022 and 3.60% in Q3 2021.
Core loans grew $92.5M (14.41%) YoY, offsetting $37.7M decline in PPP loans; annualized core loan growth 16.50% in 9M 2022.
Total deposits $945.7M (+$47.5M vs Dec 2021); noninterest-bearing deposits increased $13.0M during Q3.
Nonperforming loans 0.24% of total loans; allowance for loan losses 0.83%; stockholder equity decreased $14.7M due to unrealized securities losses.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Skyline Bankshares, Inc. reported the quarter ended September 30, 2022 results: net income $2.8 million, EPS $0.50 per share.

Period: the quarter ended September 30, 2022
Net income: $2.8 million
EPS: $0.50 per share
Result: reported results

Exact text from the filing

Parkway recorded net income of $2.8 million, or $0.50 per share, for the quarter ended September 30, 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Skyline Bankshares, Inc. reported the nine months ended September 30, 2022 results: net income $7.4 million, EPS $1.32 per share.

Period: the nine months ended September 30, 2022
Net income: $7.4 million
EPS: $1.32 per share
Result: reported results

Exact text from the filing

For the nine months ended September 30, 2022, net income was $7.4 million, or $1.32 per share

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Skyline Bankshares, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-22-025535

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