Lewis & Clark Bancorp announces 2023 Fourth Quarter and Year-to-Date Results
LEWIS & CLARK BANCORP (LWCL)
Company Research
Source: Business Wire
OREGON CITY, Ore.--(BUSINESS WIRE)--Lewis & Clark Bancorp (OTC Pink: LWCL) announces 2023 fourth-quarter and year-to-date consolidated results. Quarter-to-date net income totaled $191,000 for the three months ended December 31, 2023, compared to net income for the same period last year of $617,000. Earnings per share were $0.18 for the current-year quarter, compared to $0.57 for the prior-year quarter.Investment SecuritiesThe full-year 2023 net loss was substantially due to a $3.2 million pre-tax loss on the sale of investment securities. In response to the rapid and unprecedented increase in market interest rates and resulting negative net interest margin earned on the investment portfolio, Management effected the sale of $72.9 million (amortized cost) of fixed-rate investment securities. The proceeds from the sale of investments totaled $69.7 million, resulting in a $3.2 million pre-tax loss. The bulk of the proceeds from this sale were reinvested into higher-yielding investment
Show less
Read more
Impact Snapshot
Event Time:
LWCL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LWCL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LWCL alerts
High impacting LEWIS & CLARK BANCORP news events
Weekly update
A roundup of the hottest topics