Skyline Bankshares Q1 net income $2.1M ($0.37/sh) down 22% YoY; NIM compresses; dividend raised 9%

Skyline Bankshares, Inc.

Net income $2.1M vs $2.7M YoY; EPS $0.37 vs $0.49; ROAA 0.79% from 1.10%.
NIM fell to 3.64% from 3.89% a year ago; total assets $1.05B (+0.41% QoQ).
Net loans $819.9M (+1.1% QoQ); deposits $930.4M (+0.18% QoQ).
Dividend increased over 9% during Q1; 20,000 shares repurchased.
Acquisition of Johnson County Bank on track for H2 2024 close.

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 0.98

Skyline Bankshares, Inc. reported the first quarter of 2024 results: net income $2.1 million, EPS $0.37 per share.

Period: the first quarter of 2024
Net income: $2.1 million
EPS: $0.37 per share
Result: reported results

Exact text from the filing

The Company recorded net income of $2.1 million, or $0.37 per share, for the quarter ended March 31, 2024, compared to net income of $2.7 million, or $0.49 per share, for the same period in 2023.

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Skyline Bankshares, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-013000

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