Century Next Financial Q2 Net Income Rises 5.3% on Margin Expansion
CTUY has more than doubled off its 52-week low of $32.02.
Summary
Century Next Financial reported Q2 net income of $4.14 million, up 5.3% year-over-year, with diluted EPS rising. Net interest income grew 4.8% to $10.19 million, driven by higher asset yields and lower liability costs, pushing net interest margin to 4.6%. Noninterest income jumped 14.4%, and nonperforming assets declined after a foreclosed asset sale. The stock is trading near its 52-week high of $70.88, reflecting strong performance. No forward guidance was provided.
At the time of this announcement, CTUY was trading at $70.00 on OTC in the Finance sector, with a market capitalization of approximately $89.4M. The 52-week trading range was $32.02 to $70.88. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.