Cullman Bancorp Full Year 2023 Earnings: EPS: US$0.56 (vs US$0.59 in FY 2022)

Cullman Bancorp (NASDAQ:CULL) Full Year 2023 Results

Key Financial Results

• Revenue: US$16.5m (flat on FY 2022).

• Net income: US$3.90m (down 5.5% from FY 2022).

• Profit margin: 24% (down from 25% in FY 2022).

• EPS: US$0.56 (down from US$0.59 in FY 2022).

CULL Banking Performance Indicators

• Net interest margin (NIM): 3.89% (down from 4.19% in FY 2022).

• Cost-to-income ratio: 69.6% (up from 67.8% in FY 2022).

• Non-performing loans: 0.04% (down from 0.10% in FY 2022).

revenue-and-expenses-breakdown

All figures shown in the chart above are for the trailing 12 month (TTM) period

In the last 12 months, the only revenue segment was Financial Service Operations contributing US$16.5m. The largest operating expense was General & Administrative costs, amounting to US$10.8m (86% of total expenses). Explore how CULL's revenue and expenses shape its earnings.

Cullman Bancorp shares are down 2.4% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Cullman Bancorp (1 doesn't sit too well with us) you should be aware of.

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