Independent Bank Corp
net interest margin income highlights net interest income increased million in due to an increase in average earning assets and an increase in the net interest margin net the interest margin was fourth during quarter of compared to year ago the in quarter and in the third quarter of a a millions on i if be i i | Independent Bank Corp
Company
Deck Type
Sector
Industry
Deck date
January 2023
Slide
11 of 24
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Results
April 2023
net interest margin income highlights net interest income decreased million in due to a decrease in the net interest margin that was partially offset by an increase in average earnings assets net interest margin was during the first quarter of compared to in the year ago quarter and in the fourth quarter of on cost funds eve millions i i bee i | Independent Bank Corp
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net interest income and net interest margin net interest income decreased to million or from million in net interest income decreased from due to higher interest expense resulting from increase in average cost of deposits net interest margin decreased to driven by the increase in interest bearing deposit costs offset partially by the increase in yields on average earning assets average loan yields increased in june while average deposit costs were flat | First Western Financial
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