NEWS AM
LINKBANCORP, Inc. Announces Record Third Quarter Net Income of $7.1 Million
Positive
Record quarterly net income of $7.1 million, up from $5.8 million in Q2
Record quarterly net income of $7.1 million, up from $5.8 million in Q2
Strong deposit growth with $54.5 million increase in demand deposits
Net interest income increased to $25.0 million from $24.5 million
Noninterest income grew by $822,000 quarter-over-quarter to $2.7 million
Book value per share increased to $7.42 from $7.27
Negative
Non-performing assets increased to $17.4 million (0.60% of total assets) from $10.6 million (0.37%)
Net interest margin slightly decreased to 3.82% from 3.83%
Average yield on interest-earning assets declined to 6.16% from 6.19%
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