secwatch.observer — SEC 8-K summary
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Issuer:     Skyline Bankshares, Inc. (SLBK)
CIK:        0001657642
Form:       8-K
Filed at:   2024-11-14T23:59:59+00:00
Accession:  0001437749-24-035327
Event type: earnings
Sentiment:  neutral
Materiality: 0.72
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Skyline Bankshares Q3 net income $1.1M ($0.19/sh); includes JCB merger costs
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657642/000143774924035327/0001437749-24-035327-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657642/000143774924035327/pkkw20241114_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-035327

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