Savi Financial Corporation Reports Results for the First Quarter of 2024

May 1, 2024

MOUNT VERNON, Wash., May 01, 2024 (GLOBE NEWSWIRE) — Savi Financial Corporation, Inc. (OTC Pink: SVVB), the bank holding company for SaviBank, today announced a net loss of $416,000, or a loss of $0.09 per diluted share, for the first quarter of 2024. This compared to a net loss of $1.54 million, or a loss of $0.35 per diluted share in the preceding quarter, and net income of $468,000, or $0.11 per diluted share, in the first quarter of 2023. Net income for the current quarter was impacted by higher interest expense on deposits, lower noninterest income due to the slowing SBA market and merger related expenses. All results are unaudited.

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