Fauquier Bankshares, Inc. Announces Second Quarter 2018 Results
FAUQUIER BANKSHARES (FBSS)
US:NASDAQ Investor Relations:
investor.tfb.bank
Company Research
Source: PR Newswire
WARRENTON, Va., July 23, 2018 /PRNewswire/ -- Fauquier Bankshares, Inc. (the Company) (NASDAQ: FBSS), parent company of The Fauquier Bank, reported net income of $1.7 million, or $0.44 per diluted share for the quarter ended June 30, 2018, compared with $1.6 million, or $0.42 per diluted share for the prior quarter and $990,000 or $0.26 per diluted share for the second quarter of 2017. For the six months ended June 30, 2018, net income was $3.2 million, or $0.86 per diluted share compared with $1.8 million, or $0.47 per diluted share for the six months ended June 30, 2017. For the quarter ended June 30, 2018, the Company's return on average equity (ROE) and return on average assets (ROA) were 11.66% and 1.02%, respectively, compared with 11.44% and 0.97% for the prior quarter, respectively, and 7.10% and 0.63%, for the second quarter of 2017, respectively. For the six months ended June 30, 2018, ROE and ROA were 11.55% and 0.99%, respectively, compared with 6.40% and 0.57%, respec
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