Savi Financial Corporation Earns Record $3.72 Million for the Year 2022 and $1.09 Million for Fourth Quarter; Highlighted by Stellar Loan Growth and Net Interest Margin Expansion

MOUNT VERNON, Wash., Jan. 30, 2023 (GLOBE NEWSWIRE) — Savi Financial Corporation, Inc. (OTC Pink: SVVB), the bank holding company for SaviBank, today reported net income increased 4% to $3.72 million, or $0.84 per diluted share, for the year 2022, compared to $3.58 million, or $0.82 per diluted share, in 2021. The record results for the year were driven by strong loan growth and net interest margin expansion. Net income for the fourth quarter of 2022 was $1.09 million, or $0.25 per diluted share, compared to $1.10 million, or $0.25 per diluted share, in the preceding quarter and $268,000, or $0.06 per diluted share, in the fourth quarter of 2021. All results are unaudited.

Read more at globenewswire.com