)
Overview
<ul>
<li>Louisiana-based bank’s Q2 net income rose yr/yr, driven by higher net interest income</li>
<li>Company’s Q2 earnings per share increased yr/yr</li>
<li>Company reported zero dependency on wholesale funding</li>
</ul>
Outlook
<ul>
<li>Company did not provide specific guidance for future quarters or the full year</li>
</ul>
Result Drivers
<ul>
<li>NET INTEREST INCOME - Increase in net interest income by $777,000, or 16.9%, driven by higher interest income and lower interest expense</li>
<li>NON-INTEREST INCOME - Non-interest income rose by $150,000, or 30.7%, mainly due to gains on loan sales and increased service charges</li>
<li>NON-INTEREST EXPENSE - Reduction in non-interest expense by $43,000, driven by lower compensation and benefits, and audit fees</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q2 Net $1.68
Income mln
Q2 Net $5.38
Interest mln
Income
<h3>Q2 $2.11</h3>
Pretax mln
Profit
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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