Overview

* Exchange Bank ( EXSR ) Q3 net income rises to $8.6 mln, up from $4.9 mln last year

* Net interest income increased by $3.3 mln, driven by loan interest and reduced borrowings

* Non-interest income up 25%, aided by $1.4 mln gain on sale of bank premises

Outlook

* Exchange Bank ( EXSR ) did not provide specific future guidance in the press release

Result Drivers

* NET INTEREST INCOME - Increase driven by higher loan volumes and reduced borrowing costs

* NON-INTEREST INCOME - Boosted by $1.4 mln gain on sale of unused bank premises

* ASSET QUALITY - Strong asset quality with reduced non-accrual loans

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net $8.55

Income mln

Q3 Net $23.28

Interest mln

Income

Q3 Basic $4.99

EPS

Q3 $11.74

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.)