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Net Income: $0.36 per share on a fully-diluted GAAP basis; $0.38 per share on a core basis.
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Net Interest Income: $83 million for the quarter.
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Net Interest Margin: 2.69% for the quarter.
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Loan Originations: $515 million total, including $78 million of C&I originations.
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Annualized Net Loan Growth: 4% during the quarter.
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Deposit Growth: Increased by approximately 1% excluding brokered CDs.
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Non-Interest Income: Decreased by $2.5 million to $12.2 million.
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Non-Interest Expense: Increased by $1.1 million to $64.8 million.
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Common Equity Tier 1 Capital Ratio: 11.2%.
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Tangible Book Value Per Share: $18.98.
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Quarterly Cash Dividend: $0.20 per common share.
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Effective Tax Rate: 19% for the quarter.
Release Date: January 24, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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Net interest income and margin expanded during the…
