Central Bancompany Posts 19.7% Q3 Profit Growth as Revenue Rises 11.6%

Central Bancompany's preliminary third-quarter net income increased 19.7% year over year to $116.2 million, while revenue grew 11.6% to $285.7 million for the Missouri bank holding company. Net income compared with $97.1 million in the same quarter a year earlier. Diluted GAAP earnings per share were $0.48, up from $0.44. The company defines total revenue as net interest income plus noninterest income. Net interest income reached $218.9 million. Net interest margin was 4.48%, versus 4.36% in the year-earlier quarter and 4.40% in the second quarter. Quarterly margin ratios are annualized. At Sept.

Source: TokenPost