Q3 net interest margin was 3.42% vs. 3.43% last year. CEO Joseph W. Turner commented, “Our Q3 results reflect solid earnings and a strong balance sheet, despite ongoing challenges in the broader economic and banking environment. We reported earnings of $1.41 per diluted common share, or $16.5M in net income, for Q3 2024. This compares to $1.33 per diluted common share, or $15.9M in net income, for Q3 of 2023 and $1.45 per diluted common share, or $17.0M in net income, for Q2 2024. These results highlight our ability to maintain stability and deliver consistent performance over the long term, even as we face ongoing macro pressures.”
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