Old Point Financial Full Year 2023 Earnings: EPS: US$1.54 (vs US$1.80 in FY 2022)
Old Point Financial (NASDAQ:OPOF) Full Year 2023 Results
Key Financial Results
Revenue: US$59.5m (up 5.9% from FY 2022).
Net income: US$7.73m (down 15% from FY 2022).
Profit margin: 13% (down from 16% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: US$1.54 (down from US$1.80 in FY 2022).
OPOF Banking Performance Indicators
Net interest margin (NIM): 3.62% (no change from 3.62% in FY 2022).
Cost-to-income ratio: 81.0% (up from 78.4% in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Old Point Financial shares are down 1.5% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Old Point Financial that you need to be mindful of.
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