Overview

* Oak Ridge Q2 EPS rises to $0.81, up from $0.57 in prior qtr

* Net interest margin improves to 4.16%, driven by higher loan yields

* Total loans receivable increase 8.8% yr/yr, funded by deposits and borrowings

Result Drivers

* NET INTEREST INCOME - Growth of 7.6% over prior qtr and 16.0% over Q2 2024, driven by higher loan yields and lower deposit costs

* NONINTEREST INCOME - Increased by 64.6% from prior qtr and 63.7% from Q2 2024, with gains from SBA loan sales and higher mortgage banking income

* LOAN GROWTH - Total loans receivable rose 8.8% yr/yr, funded by increased deposits and strategic borrowings

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.81

Q2 Net $6.80

Interest mln

Income

Q2 $0.14

Dividend

Q2 Net 4.2%

Interest

Margin

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.)