Consumers Bancorp Q1 net income down 4.9% to $2.4M; EPS $0.78 vs $0.83 YoY; NIM narrows to 3.09%

CONSUMERS BANCORP INC /OH/

2024-Q1 EPS reported $0.78

Net income $2.4M ($0.78/diluted share), down 4.9% from $2.5M ($0.83) YoY.
Net interest margin compressed to 3.09% from 3.48% YoY; cost of funds rose to 1.91% from 0.40%.
Total loans increased $7.6M (annualized 4.3%) and deposits grew $8.8M (annualized 3.7%) during the quarter.
Non-performing loans remained low at 0.04% of total loans; allowance for credit losses at 1.08%.
Accumulated other comprehensive loss increased to $37.7M due to mark-to-market of securities from rising rates.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CONSUMERS BANCORP INC /OH/ reported first quarter of fiscal year 2024 results: net income $2.4 million, EPS $0.78.

Period: first quarter of fiscal year 2024
Net income: $2.4 million
EPS: $0.78
Result: reported results

Exact text from the filing

Consumers Bancorp, Inc. (Consumers) today reported net income of $2.4 million for the first quarter of fiscal year 2024

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CONSUMERS BANCORP INC /OH/ filing history →

Source: SEC EDGAR

accession 0001437749-23-029158

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