/PRNewswire/ Old Point Financial Corporation (the Company or Old Point) (NASDAQ "OPOF") reported net income of $1.4 million and earnings per diluted common.
Old Point Financial Corporation (the Company or Old Point) reported net income of $1.4 million and earnings per diluted common share of $0.27 for the third quarter of 2023 compared to net income of $2.5 million and earnings per diluted common share.
Earnings per diluted share of $0.36 for the third quarter of 2023
163 consecutive quarters of profitability
Purchased hedges to improve asset sensitivity
Additional FHLB borrowing capacity.
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