Community Bancorp. Reports Third Quarter 2024 Earnings [Yahoo! Finance]
COMMUTY BANCORP VT (CMTV)
NASDAQ:AMEX Investor Relations:
communitynationalbank.com/community-bancorp
Company Research
Source: Yahoo! Finance
DERBY, VT / ACCESSWIRE / October 17, 2024 / Community Bancorp., (OTCQX:CMTV) Community National Bank reported earnings for the third quarter ended September 30, 2024, of $3.1 million or $0.55 per share, a decrease of $248,258 or 7.38%, compared to $3.4 million or $0.61 per share for the third quarter of 2023. Year to date earnings for 2024 are $8.7 million or $1.55 per share, a decrease of $1.2 million or 12.45%, compared to $9.9 million or $1.80 per share a year ago, with the 2024 periods reflecting more challenging operating conditions for banks given persistent high interest rates. Total assets for the Company as of September 30, 2024, were $1.2 billion, an increase of $78 million from year end 2023 and an increase of $94 million from $1.03 billion as of September 30, 2023. Contributing to the bank's healthy asset levels was continued growth in the Company's loan portfolio, which increased $74.1 million, or 8.84%, in the third quarter of 2024 compared to the same period in 2023.
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Sec Filings
- 10/17/24 - Form 8-K
- 9/12/24 - Form 8-K
- 8/14/24 - Form 10-Q
- CMTV's page on the SEC website