Overview

* Century Next Financial ( CTUY ) Q3 net income rises 41.3% yr/yr to $4.27 mln

* EPS for Q3 increases to $2.30 from $1.67 yr/yr

* Net interest income for Q3 grows 17.8% to $9.98 mln

Outlook

* Century Next Financial ( CTUY ) did not provide specific guidance for future quarters

Result Drivers

* NET INTEREST INCOME - Increase driven by higher interest income and reduced interest expenses

* INVESTMENT SECURITIES - Growth in available-for-sale securities strengthened liquidity and provided stable yields

* NON-INTEREST INCOME - Increase due to gains on repossessed assets

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $2.30

Q3 Net $4.27

Income mln

Q3 Net $9.97

Interest mln

Income

Q3 Net 4.51%

Interest

Margin

Q3 $5.30

Pretax mln

Profit

Q3 $265,000

Provisio

n for

Credit

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.)