Consumers Bancorp Q3 net income falls 22% to $2.1M; EPS $0.66 vs $0.86

CONSUMERS BANCORP INC /OH/

2024-Q3 EPS reported $2.09

Net interest margin narrowed to 2.92% from 3.27% a year ago; cost of funds rose to 2.35%.
Total loans grew $7.4M in Q3 (annualized 3.4% for nine months); deposits up $22.6M.
Non-performing loans remain low at 0.15% of total loans (0.07% net of government guarantees).
Operating expenses increased 7.9% in Q3, driven by salaries, software, and FDIC assessment.

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 0.92

CONSUMERS BANCORP INC /OH/ reported the three and nine-month periods ended March 31, 2024 results: net income $2.1 million for the three-month period ended March 31, 2024 and $6.5 million for the nine month period ended March 31,, EPS $0.66 for the third quarter of fiscal year 2024.

Period: the three and nine-month periods ended March 31, 2024
Net income: $2.1 million for the three-month period ended March 31, 2024 and $6.5 million for the nine month period ended March 31,
EPS: $0.66 for the third quarter of fiscal year 2024
Result: reported results

Exact text from the filing

On April 18, 2024, Consumers Bancorp, Inc. issued a press release reporting its results for the three and nine-month periods ended March 31, 2024.

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Source: SEC EDGAR

accession 0001437749-24-012387

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