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Stock impact report

blueharbor bank Reports Third Quarter 2024 Net Income

BLUEHARBOR BANK (NC) (BLHK) 
Company Research Source: PR Newswire
MOORESVILLE, N.C., Oct. 24, 2024 /PRNewswire/ -- blueharbor bank (the "Bank") today reported earnings for the third quarter of 2024.Third Quarter 2024 HighlightsOpened a full-service branch in Mount Airy.Return on average assets (ROA) of 1.60%Return on average equity (ROE) of 14.27% on very high capital levelsDiluted income per share of $0.63, a 34% increase over previous quarterNet interest margin expansion over second quarter 2024 of 22 basis points to 4.11%Loan growth of $47.3 million, or 18% annualized, for the first nine months of 2024Deposit growth of $49.6 million, or 18% annualized, for the first nine months of 2024Net Interest Income growth of $853,000, or 23%, over third quarter 2023Book value of $18.29, an increase of 14% over third quarter 2023blueharbor bank reported net income of $1,907,961 and $0.63 per diluted share for the third quarter of 2024 compared to $1,667,570 and $0.55 per diluted share for the third quarter of 2023.  For the nine months ended September 30, 20 Show less Read more
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