Katahdin Bankshares Corp. reported robust Q3 2024 earnings of $2.27 million, marking a 13.2% increase from the previous quarter. Despite a year-to-date income decrease of 16.7% to $6.31 million compared to last year, attributed to a lower net interest margin, the total assets surged to $1.05 billion by September 30, 2024.
Stable Net Interest Margin
Despite Challenges
The company's net interest margin, although lower, remained steady, which contributed to the improved results in the third quarter. This stability reflects the company's resilience and strategic financial management. For more detailed insights, visit KatahdinTrust.com/Shareholder-Relations to access the latest financial report.