Equity Analysis /
United States of America

US : Limestone Bancorp, Inc. - LMST | 4Q First Look: Solid EPS and PTPPI Beat

    Contributors
    Ken Kohut
    Daniel Tamayo
    CGS-CIMB
    21 January 2021
    Published byCGS-CIMB

    It was a strong quarter for Limestone as pretax pre-provision income (PTPPI) was well above forecasts. While net interest income was buoyed by $0.8 million in total PPP fees, core NIM (ex. PPP fees) expanded 7 bp from 3Q as interest-bearing liabilities costs continued to decline (14 bps) and deposi