Reports Q1 revenue $107.5M, consensus $120.2M. Reports Q1 net interest margin 3.42% vs. 3.51% last year. CEO Christopher T. Holmes stated, “The results for the quarter continue with the same themes from recent quarters: balance sheet strength and earnings momentum. Our capital, liquidity, credit and reserves all are in excellent positions, and our profitability is reflective of the margin and expense actions of the previous year. Further, we had a securities transaction late in the quarter which will contribute additional near-term earnings and provide additional balance sheet optionality.”
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