Q2 net income $1.8M ($0.33 EPS); pending Johnson County Bank acquisition on track

Skyline Bankshares, Inc.

Net income $1.8M, down from $2.8M in Q2 2023; adjusted net income $2.2M ($0.39 EPS) excludes $357K merger expenses.
Net interest margin improved to 3.72% from 3.64% in Q1 2024; total loans up 7.0% YoY to $833.6M.
Total assets reached $1.06B, up 5.7% YoY; deposits grew 4.9% YoY to $948.1M.
Asset quality remains strong: nonperforming loans ratio 0.19%.
Pending acquisition of Johnson County Bank expected to close in H2 2024; merger expenses $357K in Q2.

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