Central Plains Bancshares, Inc. Reports Net Income of $946 Million for the Quarter Ended June 30, 2023

Central Plains Bancshares, Inc. [CPBI] (CPBI), a leading financial institution, has announced its financial results for the quarter ended June 30, 2023. The company reported a net income of $946 million for the quarter, reflecting a strong performance in its core operations.

Financial Performance

During the quarter, CPBI generated a total revenue of $4.4 billion, driven by interest and dividend income from loans, investment securities, and Federal Home Loan Bank stock. The company's net interest income before provision for credit losses stood at $3.3 billion, indicating a steady performance in its lending activities. CPBI's noninterest income also saw an increase, reaching $652 million, primarily due to servicing fees on loans, service charges on deposit accounts, and interchange income.