Overview
Commercial National Q3 net income rises to $1.79 mln, $0.45 per share
Return on Equity for Q3 improves to 13.35% from 11.32% last year
Net interest income for Q3 increased by 9.8% year-over-year
Outlook
Company did not provide specific guidance
Result Drivers
NET INTEREST INCOME - Increased by $460,000 or 9.8%
LOAN DECREASE - Total loans decreased by $30 mln or 7.3% due to high-interest rate environment and early loan payoffs
ASSET DECREASE - Total assets fell due to repayment of $24 mln in wholesale funding and trust preferred debt
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS | $0.45 | ||
Q3 Net Interest Margin | 3.97% | ||
Q3 ROE | 13.35% |
Press Release: ID:nGNX6ZyLgP
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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.)