Overview

* LINKBANCORP ( LNKB ) Q2 net income falls to $7.4 mln, misses analyst estimates

* Co's adjusted EPS meets expectations, per LSEG data

* Total loans saw a quarterly rise of $82.7 mln, indicating robust balance sheet growth

* Non-performing assets decline, improving credit quality

Outlook

* Company focuses on improving operating efficiency and expanding noninterest income

Result Drivers

* CORE EARNINGS - Stable core earnings with annualized return on average assets at 1.05% for Q2, unchanged from Q1

* BALANCE SHEET GROWTH - Total loans increased by $82.7 mln or 14.58% annualized, and total deposits grew by $22.7 mln, or 3.74% annualized, excluding the impact of the Branch Sale

* CREDIT QUALITY - Non-performing assets declined by $4.2 mln to $21.9 mln, driven by resolutions to several loan relationships, improving the ratio of allowance for credit losses-loans to nonperforming assets to 112.68%

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Meet $0.2 $0.2 (4

Adjusted Analysts

EPS )

Q2 EPS $0.2

Q2 Miss $7.40 $7.72

Adjusted mln mln (4

Net Analysts

Income )

Q2 Net $7.40

Income mln

Q2 Net 3.8%

Interest

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for LINKBANCORP Inc ( LNKB ) is $8.25, about 11% above its July 25 closing price of $7.34

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

(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.)