Beneficial Bancorp, Inc. Announces First Quarter Results and Cash Dividend to Shareholders
BENEFICIAL BANCORP (BNCL)
US:NASDAQ Investor Relations:
ir.thebeneficial.com
Company Research
Source: GlobeNewswire
PHILADELPHIA, April 20, 2018 (GLOBE NEWSWIRE) -- Beneficial Bancorp, Inc. (“Beneficial”) (NASDAQ:BNCL), the parent company of Beneficial Bank (the “Bank”), today announced its financial results for the quarter ended March 31, 2018. Beneficial recorded net income of $9.8 million, or $0.13 per diluted share, for the quarter ended March 31, 2018, compared to net income of $8.4 million, or $0.11 per diluted share, for the quarter ended March 31, 2017. On April 19, 2018, the Company declared a cash dividend of 6 cents per share, payable on or after May 10, 2018, to common shareholders of record at the close of business on April 30, 2018. Highlights for the quarter ended March 31, 2018, are as follows: Net interest margin totaled 3.20% for the quarter ended March 31, 2018 compared to 3.04% for the same period in 2017. Net interest income increased $2.4 million, or 6.0%, for the quarter compared to the same period in the prior year. Net interest margin and net interest income increas
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