Skyline Bankshares Q1 net income $2.7M ($0.49 EPS) up 13.9% YoY; ROAA 1.10%

Skyline Bankshares, Inc.

Net income $2.7M vs $2.4M YoY; diluted EPS $0.49 vs $0.43; ROAE 14.78% vs 11.75%.
Net interest margin 3.89% vs 3.53% YoY but down from 3.93% in Q4 2022.
Loans grew 1.23% QoQ to $757.8M; deposits fell 1.62% to $905.5M; time deposits rose $26.2M.
Adopted CECL Jan 1, 2023, boosting allowance by $592K; NPLs remain low at 0.22% of loans.
Book value per share rose to $13.61 from $12.98 at year-end 2022.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Skyline Bankshares, Inc. reported the first quarter of 2023 results: net income $2.7 million, or $0.49 per share, EPS $0.49 per share.

Period: the first quarter of 2023
Net income: $2.7 million, or $0.49 per share
EPS: $0.49 per share
Result: reported results

Exact text from the filing

On May 5, 2023, Skyline Bankshares, Inc. (the “Company”) issued a press release reporting its financial results for the period ended March 31, 2023.

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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 0001437749-23-012790

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