Savi Financial Corporation Earns $561,000 in the Second Quarter of 2023; Highlighted by Steady Balance Sheet Growth and Strong Credit Quality

MOUNT VERNON, Wash., July 31, 2023 (GLOBE NEWSWIRE) — Savi Financial Corporation, Inc. (OTC Pink: SVVB), the bank holding company for SaviBank, today reported net income of $561,000, or $0.13 per diluted share, for the second quarter of 2023, compared to $468,000, or $0.11 per diluted share, in the preceding quarter and $572,000, or $0.13 per diluted share, in the second quarter of 2022. Results for the current quarter were driven by strong loan growth and continued improvements in the Company’s CECL modeling . In the first six months of 2023, net income was $1.03 million, or $0.23 per diluted share, compared to $1.54 million, or $0.35 per diluted share, in the first six months of 2022. All results are unaudited.

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