LINKBANCORP, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 30, 2023 at 08:30 pm
Share
LINKBANCORP, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 8.35 million compared to USD 8.67 million a year ago. Net income was USD 1.24 million compared to USD 1.77 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to USD 0.17 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to USD 0.17 a year ago.
For the nine months, net interest income was USD 24.4 million compared to USD 24 million a year ago. Net income was USD 1.03 million compared to USD 4.9 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.49 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to USD 0.48 a year ago.
LINKBANCORP, Inc. is a bank holding company, which operates LINKBANK (the Bank). LINKBANK is a Pennsylvania-chartered, non-Federal Reserve member bank. The Bank is a full-service commercial bank providing personal and business lending and deposit services to individuals, families, nonprofits, and business clients throughout Central and Southeastern Pennsylvania, primarily through its digital presence on the Internet and ten client solutions centers in Chester, Cumberland, Dauphin, Lancaster, Northumberland, and Schuylkill counties, and loan production offices in Chester and York Counties. It provides traditional lending, deposit gathering and cash services to retail customers, small businesses, and non-profit organizations. Its lending activity consists of commercial real estate loans, commercial business loans and to a lesser extent, commercial real estate construction and land development loans, residential real estate loans, home equity loans, consumer loans and agriculture loans.