Blueharbor Bank Q2 Net Income Surges 40% on Loan Growth
BLHK has more than doubled off its 52-week low of $18.25 on light trading volume (0.3× avg).
Summary
Blueharbor Bank delivered a strong Q2, with net income and diluted EPS up 40% year-over-year. Net interest income rose 21%, driven by higher average loans and a 10-basis-point increase in loan yields. The net interest margin came in at 4.36%. Asset quality remains pristine — zero non-performing assets for the seventh consecutive quarter. This follows an exceptionally strong Q1, where net income surged 39%, suggesting sustained momentum. The results reinforce the bank's growth narrative and could prompt upward revisions to full-year estimates.
At the time of this announcement, BLHK was trading at $42.75 on OTC in the Finance sector, with a market capitalization of approximately $124.5M. The 52-week trading range was $18.25 to $47.50. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.