Overview

* Community Heritage Q3 net income declines 21.6% from Q2, impacted by credit loss provisions

* Net interest income for Q3 rises to $9.2 mln, reflecting improved interest margin

* Company increased credit loss provisions due to a specific reserve for a commercial loan

Outlook

* Community Heritage Financial did not provide specific guidance for future quarters or the full year in its press release

Result Drivers

* CREDIT LOSS PROVISIONS - Increased provisions for credit losses were primarily due to a specific reserve for a commercial loan impacted by internal theft

* NET INTEREST INCOME - Rise in net interest income driven by improved net interest margin from stabilized deposit rates and higher loan repricing

* MORTGAGE BANKING CHALLENGES - Decline in mortgage banking revenue due to high interest rates and affordability concerns

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.66

Q3 Net $1.90

Income mln

Q3 Net $9.20

Interest mln

Income

Q3 Net 3.40%

Interest

Margin

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.)