2023-07-20 09:11:24 ET
- Sturgis Bancorp press release ( OTCQX:STBI ): Q2 GAAP EPS of $0.80.
- Revenue of $9.02M.
- Net income for the second quarter of 2023 was $1,705,000, an increase of $252,000. The increase from 2022 is primarily due to $1.5 million increase in net interest income. Net income for the first half of 2023 was $3,249,000, an increase of $590,000.
- Total assets increased 4.6% to $894.5 million.
- Net loans increased $24.1 million in the first half of 2023, primarily in residential mortgages.
- Total non-brokered deposits increased 5.3% to $695.1 million in the first half of 2023.
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Sturgis Bancorp GAAP EPS of $0.80, revenue of $9.02M