Overview

* Alpine Banks Q3 net income rises to $18.5 mln, reflecting strong financial performance

* Company's net interest margin improves to 3.54% from 3.50% in prior qtr

* Earnings per share increased 41.4% yr/yr, driven by higher loan yields

Result Drivers

* INTEREST INCOME - Increase in interest income due to higher yields and volume in loan portfolio

* NONINTEREST INCOME - Rise in noninterest income driven by higher service charges on deposit accounts

* NONINTEREST EXPENSE - Higher noninterest expenses due to increased salary and occupancy costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net $18.50

Income mln

Q3 Net 3.54%

Interest

Margin

Q3 $1.70

Provisio mln

n For

Loan

Losses

Press Release:

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(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.)