EPS of $0.88 beat estimates of $0.8209 and revenues of $283.51M beat estimates of $276.84M. Net income available to shareholders was $83M, an increase of 19% compared to the prior quarter. Management noted its strong financial results were driven by branch-raised deposit growth, improved sales, and discipline on managing expenses. Its annual loan growth of 6% led net interest income higher by 5%, and overall the market was pleased with these results. Management expects mid single-digit percentage growth in loans and low single-digital percentage growth in branch-raised deposits growth for FY2023. There are some concerns on the economy ahead from management, however, it believes its prudent lending approach and expense management will help to offset some of this weakness. Overall this was a decent quarter for the company.
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