Net interest margin was 6.64%, or 3.91% excluding PPP and credit card loans, for the three months ended December 31, 2022, compared to 6.49%, or 3.70% excluding PPP and credit card loans, for the same three month period last year. As of December 31, 2022, the company reported a common equity tier 1 capital ratio of 15.0% and an allowance for loan losses to total loans ratio of 1.52%. Tangible book value per common share grew 11.8% to $15.84 at December 31, 2022 when compared to the same quarter in 2021.
Published first on TheFly
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