Codorus Valley Bancorp Inc (CVLY) Reports Q1 2024 Earnings: A Detailed Review Against Analyst ...
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 25 2024
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Source: Yahoo Finance
- Net Income: Codorus Valley Bancorp Inc reported a net income of $4.3 million, falling short of the estimated $4.6 million.
- Earnings Per Share (EPS): The achieved EPS was $0.44 per diluted share, below the estimated $0.47.
- Revenue: Net interest income for the quarter was $17.6 million, missing the estimated revenue of $22.3 million.
- Loan Growth: Loans increased by $32.5 million with a growth rate of 7.8%, mainly in commercial loans.
- Deposits: Total deposits rose by $41.7 million to $1.92 billion, showing an increase in interest-bearing accounts.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
