Community Bancorp Q4 net income $4.7M ($0.86/sh), up 39.7% YoY

COMMUNITY BANCORP /VT

Q4 2022 net income $4.7M, EPS $0.86 vs $0.62 in Q4 2021, increase of 39.7%.
Full year 2022 net income $13.7M ($2.53/sh), up 4.6% from $13.1M ($2.45/sh) in 2021.
Total assets $1.06B (+3.6% YoY); loans up $58.6M (+8.5%); deposits up $43.6M (+5%).
Dividend maintained at $0.23/share, payable Feb 1, 2023 to holders of record Jan 15, 2023.
Book value per share fell to $13.55 from $15.48 due to unrealized losses on investment portfolio.

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 0.95

COMMUNITY BANCORP /VT reported fourth quarter ended December 31, 2022 results: net income 4.7 million, EPS 0.86.

Period: fourth quarter ended December 31, 2022
Net income: 4.7 million
EPS: 0.86
Result: reported results

Exact text from the filing

Community Bancorp., (OTCQX:CMTV) Community National Bank reported earnings for the fourth quarter ended December 31, 2022, of $4.7 million or $0.86 per share, an increase of $1,335,712 or 39.67% compared to $3.4 million or $0.62 per share for the fourth quarter of 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

COMMUNITY BANCORP /VT reported full year ended December 31, 2022 results: net income 13.7 million, EPS 2.53.

Period: full year ended December 31, 2022
Net income: 13.7 million
EPS: 2.53
Result: reported results

Exact text from the filing

Full year earnings for 2022 were $13.7 million or $2.53 per share, compared to $13.1 million or $2.45 per share for the prior year period, an increase of $601,602 or 4.58%.

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Source: SEC EDGAR

accession 0001654954-23-000679

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