Skyline Bankshares, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
February 06, 2024 at 02:37 am IST
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Skyline Bankshares, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported net interest income was USD 35.6 million compared to USD 34.64 million a year ago. Net income was USD 9.7 million compared to USD 10.28 million a year ago.
Basic earnings per share from continuing operations was USD 1.74 compared to USD 1.84 a year ago.
Skyline Bankshares, Inc. is a bank holding company. The Company offers a wide range of retail and commercial banking services through its wholly owned bank subsidiary, Skyline National Bank (the Bank). The Bank serves the Virginia counties of Grayson, Floyd, Carroll, Wythe, Pulaski, Montgomery, Roanoke, Patrick and Washington, and the North Carolina counties of Alleghany, Ashe, Burke, Caldwell, Catawba, Cleveland, Davie, Iredell, Watauga, Wilkes, and Yadkin, and the surrounding areas through twenty seven full-service banking offices. The Bankâs loan portfolio includes commercial and agricultural production loans. The Bankâs lending services include real estate, commercial, agricultural, and consumer loans. The Bank invests a portion of its assets in United States Treasury, United States Government agency, and United States Government Sponsored Enterprise securities, state, county and local obligations, corporate and equity securities.