SOLERA NATL BNCRP INC CO - SLRK STOCK NEWS

Solera National Bancorp (OTC Pink:SLRK) reported strong Q2 2024 financial results, with net income of $4.2 million ($0.98 per share) and pre-tax and pre-provision income of $5.8 million. The company saw significant growth, with net interest income increasing 9% year-over-year to $9.2 million. Total interest income rose 19% to $17.3 million compared to Q2 2023. The bank's performance improved across key metrics, with return on assets at 1.36% and return on equity at 20.42%, both up significantly from Q1 2024. Solera National Bank was recognized by American Banker as the 3rd best-performing bank in its peer group for institutions under $2 billion in assets.

Solera National Bancorp, Inc. (OTC PINK:SLRK) reported strong financial results for Q1 2024, with a pre-tax and pre-provision income of $5.3 million and a net income of $3.0 million ($0.70 per share). The company showed positive growth in key financial metrics, including a 13% increase in net interest income compared to Q1 2023. Solera's focus on customer experience and upcoming website improvements highlight its commitment to offering exceptional service and maintaining efficiency.

Solera National Bancorp, Inc. (SLRK) reported YTD pre-tax and pre-provision income of $22.8 million, with net income of $16.7 million YTD. The company also announced a net income of $3.5 million for the fourth quarter of 2023. Q4 2023 total interest income increased by 45% from Q4 2022. The company had a pre-tax and pre-provision income of $5.7 million, with a return on equity of 19.58%. Total criticized loans have decreased by $16 million, and the efficiency ratio was 42.37%. Solera National Bank also launched Prestige banking and a new live chat feature on their website and online banking platform. The bank witnessed substantial core earnings growth during a high-rate environment in 2023, positioning itself effectively to navigate future market uncertainties confidently.

Solera National Bancorp, Inc. reported strong financial results for the fourth quarter of 2023, with net income of $3.5 million and YTD pre-tax and pre-provision income of $22.8 million. The company had a return on equity of 35.64% and an efficiency ratio of 42.37%. Despite a 525 basis points increase by the Fed Reserve, the bank managed to earn $3.87 per share for 2023. Solera National Bank launched Prestige banking and a new live chat feature on its website. The bank witnessed substantial core earnings growth during a high-rate environment, positioning it effectively to navigate future market uncertainties confidently.

Solera National Bancorp reports financial results for Q3 2023, with net income of $4.9 million and year-to-date net income on pace to equal 2022.

Solera National Bancorp, Inc. (SLRK) Ranks 5th in American Banker's List for Publicly Traded Banks Under $2B

Solera National Bancorp, Inc. (OTC PINK:SLRK) reported remarkable financial results for 2022, achieving a net income of $18.2 million, up from $11.1 million in 2021. The fourth quarter net income stood at $4.98 million. Assets surged to $994.88 million, reflecting a significant increase from $651.17 million in the previous year. Earnings per share rose by 64.7% to $4.25, while the efficiency ratio improved to 37.5%. The return on equity also increased to 33.29% from 20.84% in 2021. The company continues to focus on enhancing operational efficiency and security.

Solera National Bancorp (OTC PINK:SLRK) reported strong financial results for Q3 2022, achieving a net income of $4.9 million and $13.1 million year-to-date. This marks a significant increase in pre-tax earnings to $6.6 million, up from $4.6 million in Q3 2021. The bank's net interest income rose 52% to $8.2 million, with an improved net interest margin of 4.18%. Noninterest-bearing deposits surged by 39%, and the efficiency ratio decreased to 32.34%. Asset quality remains solid with low levels of nonperforming assets at 0.57%. Management emphasizes continued strong growth prospects.