)
Overview
<ul>
<li>Commercial bank’s Q4 net income stable at $4.5 mln, EPS slightly down from prior qtr</li>
<li>Company’s total assets exceeded $2 bln for the first time</li>
<li>Deposits increased by $41.1 mln, or 2.5%, quarter-over-quarter</li>
</ul>
Outlook
<ul>
<li>Company did not provide specific financial guidance for future quarters or full year</li>
</ul>
Result Drivers
<ul>
<li>NET INTEREST MARGIN - Decline attributed to higher funding costs and lower yields on interest-earning assets</li>
<li>SBA LOAN SALES - $19.7 mln in SBA loans sold at an average premium of 6.8%</li>
<li>NONINTEREST EXPENSES - Increase driven by higher personnel costs and occupancy expenses</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
<h3>Q4 EPS $0.42</h3>
Q4 Net $4.5 mln
Income
Q4 Net $15.66
Interest mln
Income
Q4 Basic $0.42
<h3>EPS</h3>
Q4 Net 3.16%
Interest
Margin
<h3>Q4 $6.14</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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CBB Bancorp reports steady Q4 net income at $4.5 mln