Q1 net interest margin as a percentage of earning assets, on a tax-equivalent basis, was 3.04%, an increase of 7 basis points from the prior quarter net interest margin of 2.97% and an increase of 45 basis points from the prior year Q1 net interest margin of 2.59%. Total deposits of $20.634B increased $87.1M, or 2% annualized, during the current quarter.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GBCI: