Community Bancorp reports Q3 EPS $0.61, down 6.9% YoY; YTD EPS up 9.5%

COMMUNITY BANCORP /VT

Q3 net income $3.4M ($0.61 EPS) vs $3.6M ($0.66) prior year, decrease of 6.87%.
YTD net income $9.9M ($1.80 EPS) vs $9.0M ($1.67) prior year, up 9.52%.
Total assets $1.08B; loan portfolio grew $114.4M (15.79%) YoY.
Net interest income Q3 $8.43M, up 0.67%; provision for credit losses $240,889 vs $125,000.
Declared quarterly dividend $0.23/share, payable Nov 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COMMUNITY BANCORP /VT reported nine months ended September 30, 2023 results: net income $9.9 million or $1.80 per share, EPS $1.80 per share.

Period: nine months ended September 30, 2023
Net income: $9.9 million or $1.80 per share
EPS: $1.80 per share
Result: reported results

Exact text from the filing

Year to date earnings for 2023 were $9.9 million or $1.80 per share, an increase of $860,408 or 9.52% compared to $9.0 million or $1.67 per share for the same period a year ago.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COMMUNITY BANCORP /VT reported third quarter ended September 30, 2023 results: net income $3.4 million or $0.61 per share, EPS $0.61 per share.

Period: third quarter ended September 30, 2023
Net income: $3.4 million or $0.61 per share
EPS: $0.61 per share
Result: reported results

Exact text from the filing

Community Bancorp., (OTCQX:CMTV) the parent company of Community National Bank reported earnings for the third quarter ended September 30, 2023, of $3.4 million or $0.61 per share, a decrease of $247,997 or 6.87% compared to $3.6 million or $0.66 per share for the third quarter of 2022.

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Source: SEC EDGAR

accession 0001654954-23-013271

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