Skyline Bankshares Q2 net income $2.8M ($0.49/shr) vs $2.2M ($0.40/shr) YoY; NIM 3.82%

Skyline Bankshares, Inc.

Net income $2.8M in Q2 2023, up 27% from $2.2M in Q2 2022; diluted EPS $0.49 vs $0.40.
Net interest margin 3.82% vs 3.54% YoY; net interest income after provision $9.1M vs $8.1M.
Net loans grew 8.11% YoY to $772.5M; total deposits fell 5.27% to $903.4M.
Annualized ROAA 1.10% (0.88% YoY); annualized ROAE 14.35% (11.67% YoY).
Company repurchased 19,712 shares in Q2; mgmt expects NIM pressure from deposit competition.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Skyline Bankshares, Inc. reported the second quarter of 2023 results: net income $2.8 million, EPS $0.49 per share.

Period: the second quarter of 2023
Net income: $2.8 million
EPS: $0.49 per share
Result: reported results

Exact text from the filing

On August 3, 2023, Skyline Bankshares, Inc. (the “Company”) issued a press release reporting its financial results for the period ended June 30, 2023. A copy of the press release is being furnished as Exhibit 99.1 to this report

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Skyline Bankshares, Inc. reported the six months ended June 30, 2023 results: net income $5.5 million, EPS $0.98 per share.

Period: the six months ended June 30, 2023
Net income: $5.5 million
EPS: $0.98 per share
Result: reported results

Exact text from the filing

For the six months ended June 30, 2023, net income was $5.5 million, or $0.98 per share, compared to net income of $4.6 million, or $0.83 per share, for the six months ended June 30, 2022.

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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 0001437749-23-021931

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