Skyline Bankshares Q4 net income $2.2M; FY 2023 net income $9.7M, down 5.65% YoY

Skyline Bankshares, Inc.

Net income: Q4 $2.2M ($0.39); FY 2023 $9.7M ($1.74) vs FY 2022 $10.3M ($1.84).
Net interest margin 3.69% in Q4 2023, up from 3.66% in Q3 but down from 3.93% a year ago.
Total loans $811M, up 8.33% YoY; total deposits $928.7M, up 0.91%; total assets $1.05B, up 4.82%.
Dividend increased over 30% in 2023; company repurchased 46,712 shares during the year.
Asset quality strong: nonperforming loans 0.21% of total loans; allowance for credit losses 0.82%.

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 0.95

Skyline Bankshares, Inc. reported the fourth quarter of 2023 results: net income $2.2 million, EPS $0.39 per share.

Period: the fourth quarter of 2023
Net income: $2.2 million
EPS: $0.39 per share
Result: reported results

Exact text from the filing

The Company recorded net income of $2.2 million, or $0.39 per share, for the quarter ended December 31, 2023

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Skyline Bankshares, Inc. reported the year ended December 31, 2023 results: net income $9.7 million, EPS $1.74 per share.

Period: the year ended December 31, 2023
Net income: $9.7 million
EPS: $1.74 per share
Result: reported results

Exact text from the filing

For the year ended December 31, 2023, net income was $9.7 million, or $1.74 per share

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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 0001437749-24-003118

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