earnings
confidence high
sentiment negative
materiality 0.60
Consumers Bancorp Q2 net income down 11% to $2.8M; EPS $0.91 vs $1.04
CONSUMERS BANCORP INC /OH/
2023-Q2 EPS reported
$1.74
- Net income $2.8M for Q2 FY2023, down $353K or 11.2% YoY; EPS $0.91 vs $1.04.
- Net interest margin 3.53% vs 3.77% YoY; cost of funds rose to 0.72% from 0.21%.
- Total loans increased $53.1M (annualized 17.4%) in H1; non-performing loans remain low at $47K (0.01%).
- Mortgage banking gains dropped 64% YTD; other expenses rose 8.0% due to salary and benefits increases.
- Six-month net income $5.3M ($1.74) vs $5.8M ($1.92) YoY; return on avg equity 21.01%, ROA 1.06%.