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Stock impact report

Oregon Bancorp Announces Fourth Quarter Earnings

OREGON BANCORP INC (OR) (ORBN) 
NASDAQ:AMEX Investor Relations: opbc.com/investor-relations
Company Research Source: Business Wire
Fourth quarter 2023 net earnings of $0.5 million, or $0.22 per common shareQuarterly return on average assets of 0.6% and return on average equity of 3.0% SALEM, Ore.--(BUSINESS WIRE)--Oregon Bancorp, Inc. (OTCBB: ORBN) (the “Company”), parent company of Willamette Valley Bank, reported net income for the fourth quarter of $547,000 and $0.22 per common share. The Company’s quarterly return on average assets and return on average equity was 0.6% and 3.0%, respectively. This compares to $640,000 in net income and $0.26 earnings per common share outstanding for the quarter ending September 30, 2023.Year-to-date net income reached $3.6 million and $1.44 per common share outstanding compared to $6.9 million and $2.86 per common share during the same period last year. For the fiscal year, the Company’s return on average assets was 0.9% compared to 1.7% in 2022. The Company’s net interest margin was 4.2% for the fourth quarter and 4.3% for the 2023 fiscal year. This compares to 4.6% in th Show less Read more
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