Overview

• Oregon community bank's Q1 net income rose 54% yr/yr, EPS up 8% from prior qtr

• Company's net interest income rose 8% yr/yr, supporting earnings growth

• Loan and deposit balances grew modestly; asset quality remains supported by federal guarantees

Outlook

• Company did not provide specific guidance for future quarters or the full year

Result Drivers

• NET INTEREST INCOME - Q1 net interest income rose $1.1 mln or 8.1% yr/yr, supporting earnings growth

• LOAN LOSS PROVISION - Provision for loan losses improved by $1.1 mln yr/yr, aiding net income

• NON-INTEREST INCOME - Non-interest income increased $0.6 mln yr/yr

Company press release: ID:nBw3QqlNMa

Key Details

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