3,796,977 3,861,591
Stockholders' equity 385,545 359,755
--------- ---------
$4,182,522 $4,221,346
========= =========
Net interest income (2) $ 18,280 $ 20,218
======= =======
Net interest spread (2) 0.62% 0.88%
======= =======
Net interest margin (2) 1.83% 2.00%
======= =======
(1) The average balances of loans include nonaccrual loans.
The average balances of investment securities exclude
unrealized gains and losses on available-for-sale
securities.
(2) Tax-equivalent basis. Interest income on a tax-equivalent
basis includes the additional amount of interest income
that would have been earned if the Corporation's investment
in tax-exempt investment securities had been made
in investment securities subject to federal income
taxes yielding the same after-tax income. The tax-equivalent
amount of $1.00 of nontaxable income was $1.27 for
each period presented using the statutory federal
income tax rate of 21%.
For More Information Contact:
Janet Verneuille, SEVP and CFO
(516) 671-4900, Ext. 7462
(END) Dow Jones Newswires
January 30, 2025 17:00 ET (22:00 GMT)
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