Oregon Pacific Bancorp Announces 2023 Earnings Results [Yahoo! Finance]
OREGON PACIFIC BNCRP (ORPB)
NASDAQ:AMEX Investor Relations:
opbc.com/investor-relations
Company Research
Source: Yahoo! Finance
Highlights: Fourth quarter net income of $2.2 million; $0.31 per diluted share Quarterly loan growth of $11.4 million or 2.18% Quarterly tax equivalent net interest margin of 3.64% Annual return on average assets of 1.22% Annual loan growth of $53.7 million or 11.11% Portland office grand opening November 1, 2023 Net income for the quarter ended December 31, 2023, was $2.2 million, or $0.31 per diluted share compared to $2.3 million or $0.33 per diluted share for the quarter ended September 30, 2023. On an annual basis, the Bank recorded net income totaling $9.2 million, or $1.30 per diluted share compared to $7.1 million, or $1.01 per diluted share for the same period in 2022. "We are happy to report the Bank's strong financial performance as 2023 comes to a close," said Ron Green, President and Chief Executive Officer. "During the year, Oregon Pacific Bank made a material investment in expansion into the Portland Market, and we are happy to report that despite these
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