Overview
Alabama bank's Q4 net income decreased yr/yr, EPS increased for full year
Company's net interest margin improved to 3.32% in Q4, driven by asset yields
Provision for credit losses increased due to two loan relationships
Outlook
Company expects improved loan growth in 2026
Company continues progress on digital banking initiatives
Result Drivers
NET INTEREST INCOME - Increased due to improved net interest margin, driven by higher yields on assets and lower deposit costs
CREDIT LOSS PROVISION - Increased due to two loan relationships, impacting overall financial performance
NONINTEREST EXPENSE - Decreased from previous quarter due to lower salaries, benefits, and occupancy costs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 EPS | $0.48 | ||
Q4 Net Income | $1.67 mln | ||
Q4 Net Interest Income | $7.73 mln | ||
Q4 Credit Loss Provision | $783,000 | ||
Q4 Net Interest Margin | 3.32% |
Press Release: ID:nGNXlprx
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)