MOUNT VERNON, Wash., Aug. 01, 2022 (GLOBE NEWSWIRE) -- Savi Financial Corporation, Inc. (OTCPink:SVVB), the bank holding company for SaviBank, today reported net income for the second quarter of 2022 was $572,000, or $0.13 per diluted share, compared to $964,000, or $0.22 per diluted share in the preceding quarter, and record quarterly results of $1.24 million, or $0.28 per diluted share, in the second quarter of 2021. Strong loan and deposit growth and net interest margin expansion contributed to profitability for the quarter. In the first six months of 2022, net income was $1.54 million, or $0.35 per diluted share, compared to $2.23 million, or $0.51 per diluted share, in the first six months of 2021.
Savi Financial Corporation Earns $572,000 in Second Quarter 2022; Highlighted by Strong Loan Growth and Net Interest Margin Expansion
Globe Newswire - Press Release
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