)
Overview
<ul>
<li>Banking firm’s Q4 net income fell yr/yr, with EPS at $0.45</li>
<li>Net interest income rose 6.5% yr/yr, driven by lower funding costs</li>
<li>Total loans decreased 6.1% due to high interest rates and early payoffs</li>
</ul>
Outlook
<ul>
<li>Company did not provide specific guidance for future quarters or full year in the press release</li>
</ul>
Result Drivers
<ul>
<li>INTEREST EXPENSE - Interest expense decreased by $516,000, mainly due to a decrease in funding costs</li>
<li>OPERATING EXPENSES - Operating expenses increased by $150,000, mainly due to higher wages and benefits</li>
<li>LOAN DECREASE - Total loans decreased by $24 million or 6.1% due to the high interest rate environment and early loan payoffs</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
<h3>Q4 EPS $0.45</h3>
Q4 Net 4.04%
Interest
Margin
<h3>Q4 ROE 12.64%</h3>
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (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.)

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Commercial National Financial Corp Q4 net income falls