“Revenue growth and interest expense management helped drive a solid increase in adjusted earnings, despite higher provision expense,” said Joe Dively, Chairman and Chief Executive Officer. “Our net interest margin expanded, and noninterest income increased to 31% of revenues. Wealth management and insurance had a strong finish to the year with a combined revenue increase of 26% compared to the fourth quarter last year. Our Ag Services group had a record quarter of farmland sales in the period. Finally, we are pleased with the success of the multiple strategic technology investments we completed this year and continue to execute on for 2025. Collectively, these investments deliver a better customer experience and significant operating efficiency,” Dively concluded.
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