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Peak Bancorp Inc - IDFB STOCK NEWS

Welcome to our dedicated news page for Peak Bancorp (Ticker: IDFB), a resource for investors and traders seeking the latest updates and insights on Peak Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Peak Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Peak Bancorp's position in the market.

Rhea-AI Summary
Peak Bancorp, Inc. and its subsidiary bank, Idaho First Bank, have received all regulatory approvals for the acquisition by BAWAG Group. The purchase price remains at $65 million, and the deal is set to close on November 30, 2023. BAWAG Group plans to work with the current leadership team of Idaho First Bank to expand its community-focused banking presence in Idaho and neighboring markets.
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Rhea-AI Summary
Peak Bancorp, Inc. announced unaudited financial results for Q3 2023. Net Interest Income increased 16% to $16.93 million due to loan and deposit growth. Net Income after tax increased 59% to $4.15 million. Noninterest expenses increased 2% to $11.42 million. Stockholder’s equity increased 14% to $49.5 million. Net Interest Income for Q3 2023 increased 7% to $5.86 million. Net Income after tax increased 33% to $1.63 million. Noninterest expense increased 4% to $3.81 million. Average loans increased by 4% to $516 million, while average deposits increased 5% to $545 million.
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Peak Bancorp Inc

OTC:IDFB

IDFB Rankings

IDFB Stock Data

9.51M
5.29M
Banks - Regional
Financial Services
Link
United States
McCall