What changed
EPS of $0.57 beat consensus estimates, marking a 119% YoY surge from $0.26. Revenue quality improved as net interest income rose 4.3% QoQ to $21.8M, with net interest margin expanding 9bps to 2.90%. The key nuance: a $469K release of provision for credit losses boosted earnings, masking a slight QoQ dip in core pre-provision net revenue; underlying loan demand and noninterest-bearing deposit growth remain positive.