Sonoma State Bank earnings up 5% in Q3

in Business

Summit State Bank (Nasdaq: SSBI) reported third-quarter earnings were up 5% from the year before, partly attributed to “strong loan and deposit growth and net interest margin expansion.”

Net income for the quarter ended Sept. 30 were $3.98 million, or 59 cents per diluted share, up from $3.8 million a year before, according to the Santa Rosa-based bank holding company.

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