Mission Valley Bancorp Reports First Quarter 2024 Results [Yahoo! Finance]
MISSION VALLEY BANCORP (MVLY)
NASDAQ:AMEX Investor Relations:
missionvalleybank.com/about-us/financial
Company Research
Source: Yahoo! Finance
for the first quarter of 2024 was $1.7 million , or per diluted share, compared to net income of $1.7 million , or per diluted share, for the first quarter of 2023. First Quarter 2024 Highlights Net Income of $1.7 million or per share. Net Interest Income was $6.8 million for the first quarter of 2024, an increase of $0.8 million , or 13.63%, compared to the first quarter of 2023. Net Interest Margin was 4.34% for first quarter of 2024 compared to 4.76% for the first quarter of 2023. Non-Interest Income was $2.3 million for the first quarter of 2024, an increase of $0.2 million , or 7.34%, compared to the first quarter of 2023. $12.2 million in Small Business Administration ("SBA") loans were sold resulting in gain on sale of .7 million in the first quarter of 2024, compared to .6 million in SBA loans sold and gain on sale of $0.7 million in the first quarter of 2023. Total Assets were $671.4 million as of March 31, 2024 , an increase of $17.7 million , or 2.71%, compare
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