Welcome to our dedicated page for Lewis & Clark Bancorp news (Ticker: LWCL), a resource for investors and traders seeking the latest updates and insights on Lewis & Clark Bancorp stock.
Lewis & Clark Bancorp (LWCL) maintains this comprehensive news hub to provide stakeholders with timely updates from the regional banking sector. Our curated collection features official press releases, financial disclosures, and strategic announcements directly from this community-focused financial institution.
Investors and analysts will find value in tracking earnings reports, regulatory updates, and leadership changes, while community members can monitor initiatives demonstrating the bank's local impact. All content undergoes strict verification to ensure accuracy and compliance with financial reporting standards.
This resource consolidates key developments including loan portfolio updates, deposit growth metrics, and community reinvestment programs. Users can efficiently track the institution's adherence to risk management protocols and evolving market strategies through chronologically organized updates.
Bookmark this page for streamlined access to LWCL's financial communications. Check regularly for new filings detailing operational milestones, service expansions, and responses to regional economic conditions within the bank's operational footprint.
Lewis & Clark Bancorp (OTC Pink: LWCL) reported a net income of $318,000 for Q3 2022, down $981,000 from $1,299,000 in Q3 2021. Earnings per share fell to $0.30 from $1.21. Key factors include decreased net interest income and increased noninterest expense, despite a drop in tax provisions. Year-to-date net income reached $1,217,000, a decline from $3,243,000 last year. Total assets decreased by 16.1% to $373.2 million, driven by declines in cash, loans, and deposits. Shareholders’ equity stood at $29.3 million, down from $37.6 million.
Lewis & Clark Bancorp (OTC Pink: LWCL) reported a net income of $515,000 for Q2 2022, down $519,000 from $1,034,000 in Q2 2021. Earnings per share decreased to $0.48 from $0.94. The decline in earnings was attributed to lower net interest income and noninterest income, along with higher noninterest expenses. Year-to-date net income also fell to $899,000 or $0.84 per share, down from $1,944,000 or $1.74 per share the previous year. Total consolidated assets decreased by 10.1% to $399.5 million, and shareholders' equity dropped to $30.5 million due to unrealized losses on investment securities.
Lewis & Clark Bancorp (OTC Pink: LWCL) reported a first-quarter net income of $384,000 for Q1 2022, down $526,000 from $910,000 in Q1 2021. Earnings per share decreased to $0.36 from $0.81. The decline in earnings was attributed to lower net interest income, primarily from a decrease in Paycheck Protection Program (PPP) loan earnings, and an increase in noninterest expenses. Total consolidated assets decreased by 6.3% to $416.7 million, with a $22.7 million drop in total deposits. Shareholders' equity was $32.9 million, down $4.7 million from the previous quarter.
Lewis & Clark Bancorp (OTC Pink: LWCL) reported a strong financial performance for Q4 2021, with net income reaching $557,000, up from $519,000 year-over-year. Full-year net income totaled $3.8 million, a significant increase from $1.58 million in 2020. Earnings per share rose to $0.52 in Q4 and $3.47 for the year, driven by higher net interest and noninterest income. Total assets increased by 28.4% to $444.5 million, while total deposits grew by $103 million. The company anticipates challenges in 2022, including reduced earnings from PPP loans and inflationary pressures.
Lewis & Clark Bancorp (OTC Pink: LWCL) announced strong growth in its 2021 Q3 results, reporting a net income of $1.3 million, a significant increase from $319,000 in Q3 2020. Year-to-date net income reached $3.2 million, up from $1.1 million last year, with earnings per share rising to $1.21 and $2.94 respectively. The increase in earnings was attributed to higher net interest income from PPP loans, decreased provision for loan losses, and growth in total assets to $427.3 million. However, continued economic uncertainties may impact future performance.
Lewis & Clark Bancorp (LWCL) reported second-quarter net income of $1,034,000, up from $617,000 year-over-year, with earnings per share increasing from $0.54 to $0.94. Year-to-date net income also rose to $1,944,000, or $1.74 per share, compared to $743,000, or $0.66 per share in the previous year. The growth is attributed to increased net interest income and a decrease in loan loss provisions, despite declines in noninterest income and rising noninterest expenses. Total consolidated assets reached $437.2 million, a 26.3% increase since the end of 2020.