Overview

* Ottawa Bancorp Q3 net income rises to $0.4 mln from $0.2 mln in 2024

* Company completed seventh stock repurchase, buying 120,996 shares at $15.01 each

* Non-performing loans decreased to $3.7 mln due to resolution of impaired loans

Outlook

* Company did not provide specific future guidance

Result Drivers

* NET INTEREST INCOME - Increase in net interest income due to higher yield on interest-earning assets and lower interest expense

* ASSET QUALITY - Decrease in non-performing loans due to resolution of impaired loans

* CAPITAL MANAGEMENT - Stock repurchase program completed, enhancing shareholder value

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.18

Q3 Net $400,000

Income

Q3 Basic $0.18

EPS

Q3 Net 3.09%

Interest

Margin

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.)