Forecasts upbeat for banks’ 2024 profits

              by strong first-quarter performances  

        tax profit target of approximately                nomic uncertainties, Ha is confi       ing an already robust profit of over 

    icant growth at the close of the first quarter, with total assets reaching      

                   respectively. MSB’s pre-tax profit       fulfilling 22.5 per cent of its yearly 

     announced a 2024 pre-tax profit             first-quarter profit of approximately                

     performance, with a first-quarter

pre-tax profit exceeding $104.17 million; SeABank’s first-quarter     profit of $62.75 million, a nearly 41            pre-tax profit in the period, a 66 per cent increase over the prior quarter 

     first-quarter pre-tax profit of $120.25         

            interest earnings and efficient cost 

                                           tions have contributed significantly to their profits.

                      

           reported significant early-year          

                  

          stronger profits based on the modest 

     en by factors such as financial capac      asset quality, and fee-based income,”                     

                      

 as well as ancillary financial offerings       

                                 quickly rebound.

                    remain competitive in talent acquisi 

                    well. These banks typically benefit         

             have significantly enhanced their asset quality with substantial provi                  their after-tax profits relative to the

