Overview

* First Resource Bank ( FRSB ) Q3 net income grew 39% yr/yr to $2.3 mln

* Earnings per share rose 42% to $0.75 from the same quarter last year

* Net interest margin expanded to 3.87% from 3.72% in the prior quarter

Outlook

* Company anticipates continued growth due to regional bank merger opportunities

* First Resource Bank ( FRSB ) expects sustained growth momentum and strong profitability

Result Drivers

* NET INTEREST INCOME - Growth in net interest income driven by a 5% increase in loans and higher loan yields

* ASSET GROWTH - Total assets expanded by $27.6 mln, fueled by strong loan and deposit growth

* DEPOSIT GROWTH - Total deposits rose 5% during the qtr, driven by increases in all deposit categories

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.75

Q3 Net $2.30

Income mln

Q3 Net 3.87%

Interest

Margin

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)