earnings
confidence high
sentiment positive
materiality 0.65
Muncy Columbia Q1 net income $4.0M ($1.13 EPS) vs $1.9M ($0.93) YoY; NIM expands to 3.32%
MUNCY COLUMBIA FINANCIAL Corp
2024-Q1 EPS reported
$1.13
- Net income $4,036,000 ($1.13 diluted EPS) vs $1,940,000 ($0.93) in Q1 2023.
- Fully-tax equivalent NIM 3.32% vs 2.41% YoY; ROAA 1.02% vs 0.82%.
- Sold $50.3M AFS securities to pay down FHLB borrowings; realized loss $8,000.
- Non-performing assets rose to $7.3M from $4.5M, primarily one $2.2M real estate loan; bank expects no credit loss.
- Book value per share $43.35 vs $43.08; quarterly dividend increased to $0.44 from $0.42.