Overview

* CBB Bancorp ( CBBI ) Q3 net income rises to $4.5 mln, EPS at $0.43

* Net interest margin for Q3 improves to 3.49% from 3.46% in prior quarter

* Company's deposits increase by $141.4 mln, reflecting strong inflows

Outlook

* CBB Bancorp ( CBBI ) focuses on sustaining prudent risk management and enhancing operational efficiency

Result Drivers

* NET INTEREST INCOME - Higher net interest income driven by lower interest expense contributed to modest net income growth

* DEPOSIT GROWTH - Significant deposit increase of $141.4 mln, reflecting strong customer trust and inflows

* NET INTEREST MARGIN - Slight improvement in net interest margin due to reduced cost of deposits

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.43

Q3 Net $4.54

Income mln

Q3 Net $15.73

Interest mln

Income

Q3 Basic $0.43

EPS

Q3 Net 3.49%

Interest

Margin

Q3 $6.30

Pretax mln

Profit

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.)