Summit Bank Oregon's Q2 profit rises on higher interest income
SUMMIT BANK GROUP INC SBKO | 0.00 |
Overview
Oregon community bank's Q2 net income rose 24% yr/yr, EPS up 24%
Net interest income for Q2 rose 7.4% from prior year
Loan and deposit balances both grew over 5% yr/yr
Outlook
Company did not provide specific guidance or forecasts for future quarters or full yr in press release
Result Drivers
NET INTEREST INCOME - Q2 net interest income rose $1.0 mln, or 7.4%, from Q2 2025, supporting earnings growth
PROVISION FOR LOAN LOSSES - Improved provision for loan losses contributed $0.3 mln to earnings
Company press release: ID:nBw6rrnCwa
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q2 Net Income |
|
$4.13 mln |
|
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