Q: Can I have your views on the latest quarter. The market seems to like the results. Tnx
5i Research Answer:
EPS of 47c beat estimates of 41c; revenue of $29.1M matched estimates. Revenue rose 20%, with higher net interest income and strong loan growth. Credit loss provisions were actually a reversal of losses of $184,000, versus provisions last year of $171,000. Loss allowance was $2.5M, down from $2.7M. It was a solid quarter, especially as compared with some of the larger banks' results.