Earnings Feed

$24 million

Asset quality and net income were impacted by a single $24 million Twin Cities suburban CRE office loan originated in June 2022 that moved to nonaccrual in the quarter, increasing credit loss expense.

$63.4 million net income with 2% growth but 2% EPS decline

Third quarter net income came in at $63.4 million with diluted earnings per share of $1.22, which represents 2% net income growth, but a 2% decline in diluted EPS versus the prior year quarter due to additional shares outstanding.