Book value increased to $12.52 per share at March 31, 2024, from $12.45 per share at December 31, 2023. Tier 1 leverage ratio was 10.59% at March 31, 2024. CEO Morgan Gasior said: “The continuing deployment of our liquidity at higher yields resulted in stable net interest income and a balanced interest rate risk position in an uncertain environment at March 31, 2024. With our liquidity and Tier 1 tangible capital strength, we look forward to focusing on expanding our net interest margin via loan portfolio growth, strengthening our noninterest income, and improving our operating expense efficiency during the second quarter and the remainder of 2024.”
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