U.S. Century Bank reports Q4 EPS 29c, consensus 30c

Reports Q4 revenue $16.74M,consensus $18.99M .Non-interest income was negative $0.1M for the three months ended December 31 compared to $2.6 M for the same period in 2021. Non-interest income was negative in the fourth quarter of 2022 due to a $2M loss on the sale of securities. As of December 31 total risk-based capital ratios for the Company and the Bank were 13.65% and 13.58%, respectively. Tangible book value per common share of $9.12 was negatively affected by $2.24 due to after tax unrealized security losses of $44.8M at December 31. At December 31 tangible book value of $10.20 was negatively affected by 13c due to $2.5M after tax unrealized security losses.