Q3 EPS $1.39 Swings Community Heritage to $4.1M Profit From Q2 Loss
CMHF has more than doubled off its 52-week low of $16.5 on elevated volume (1.9× avg).
Summary
Community Heritage swung to Q3 net income of $4.1M, or $1.39 per share, from a $1.1M loss in Q2. Net interest margin widened to 3.88% from 3.78%, and net interest income rose 7.4% quarter over quarter to $11.4M. A $721K negative provision added a credit tailwind, while noninterest expense fell 3.9% to $7.3M after Q2's one-time retirement charges. Loans grew $10.2M to $983.7M. The quarter confirms the Q2 loss was driven by one-offs rather than core deterioration, and the stock is already trading near its 52-week high of $42.17.
At the time of this announcement, CMHF was trading at $41.90 on OTC in the Finance sector, with a market capitalization of approximately $123.5M. The 52-week trading range was $16.50 to $42.17. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.