Overview

* Cornerstone Bancorp ( CNBP ) Q3 net income rises 11.6% yr/yr to $2.9 mln

* EPS for Q3 increases 11.3% yr/yr to $2.99

* Net interest margin improves to 3.75% from 3.33% in Q3 2024

Outlook

* Cornerstone Bancorp ( CNBP ) did not provide specific guidance for future quarters or the full year

Result Drivers

* NET INTEREST MARGIN - Improvement to 3.75% from 3.33% in 3Q24

* LOAN PORTFOLIO GROWTH - Loan portfolio increased by 10.1% to $716.4 mln

* NONINTEREST EXPENSE - Increased to $6.7 mln from $6.3 mln in 3Q24

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $2.99

Q3 Net $2.94

Income mln

Q3 Net $9.53

Interest mln

Income

Q3 Net 3.75%

Interest

Margin

Q3 $200,000

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.)