earnings
confidence high
sentiment negative
materiality 0.65
Consumers Bancorp Q2 net income $2.0M ($0.65/sh) down 28.3% YoY; NIM 2.95%
CONSUMERS BANCORP INC /OH/
2024-Q2 EPS reported
$1.43
- Net income $2.0M ($0.65 EPS) for Q2, down 28.3% from $2.8M ($0.91) YoY.
- Net interest margin 2.95% vs 3.53% YoY; cost of funds rose to 2.17% from 0.72%.
- Loans grew $24.9M (annualized 7.0%) in H1; deposits fell $4.0M (0.8% annualized).
- Non-performing loans 0.15% of total loans, 0.07% ex-government guarantees; ACL 1.09%.
- Shareholders' equity rose $8.0M to $63.5M, driven by reduced AOCI loss and net income.