earnings
confidence high
sentiment neutral
materiality 0.72
Skyline Bankshares Q3 net income $1.1M ($0.19/sh); includes JCB merger costs
Skyline Bankshares, Inc.
- Net income of $1.1M ($0.19/sh) vs $2.1M ($0.37/sh) a year ago; adjusted EPS $0.36 excluding $1.1M merger costs.
- Acquired Johnson County Bank Sept 1: $154.1M assets, $87.2M loans, $125.3M deposits; $4.6M goodwill.
- Organic loan growth annualized 15.57% in Q3 (ex-JCB); net interest margin 3.78%, up from 3.72% prior Q.
- Total assets $1.21B (+15.36% from Dec 2023); total deposits $1.09B (+16.92%).
- Merger-related expenses $1.1M in Q3; nonperforming loans low at 0.18% of total loans.