secwatch.observer — SEC 8-K summary
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Issuer:     CONSUMERS BANCORP INC /OH/ (CBKM)
CIK:        0001006830
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0001437749-23-029158
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1006830/000143774923029158/0001437749-23-029158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1006830/000143774923029158/cbkm20231026c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-029158

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