Savi Financial Corporation Reports Results for the Fourth Quarter and the Year 2023

January 30, 2024

MOUNT VERNON, Wash., Jan. 30, 2024 (GLOBE NEWSWIRE) — Savi Financial Corporation, Inc. (OTC Pink: SVVB), the bank holding company for SaviBank, today announced that following a pre-tax $1.83 million in one-time costs associated with the Orca Bank formation, the Company reported a net loss of $1.54 million, or a loss of $0.35 per diluted share, for the fourth quarter of 2023. This compared to net income of $558,000, or $0.13 per diluted share, in the preceding quarter, and net income of $1.09 million, or $0.25 per diluted share, in the fourth quarter of 2022.

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