Jeffersonville Bancorp Announces Record Earnings For 2018
JEFFERSONVILLE BANCORP (JFBC)
US:NASDAQ Investor Relations:
jeffbank.com/investor-relations
Company Research
Source: GlobeNewswire
JEFFERSONVILLE, N.Y., Feb. 12, 2019 (GLOBE NEWSWIRE) -- Jeffersonville Bancorp, Inc. (OTCQB - JFBC) announced today fourth quarter net income of $1,137,000 or $0.27 per share compared to $253,000 or $0.06 per share for the same quarter in 2017. The increase in quarterly net income was primarily due to an increase in interest on loans of $516,000 and other interest and dividend income of $146,000, and a decrease in income tax expense of $992,000 related to the Tax Cut and Jobs Act legislation signed into law in December of 2017. These improvements were partially offset by an increase in provision for loan losses of $350,000, total non-interest expense of $301,000, and a decrease in non-interest income of $152,000 related to a new accounting rule requiring changes in the value of equity securities to be reflected in net income instead of other comprehensive income. For the year ended December 31, 2018, net income was $6,203,000 or $1.46 per share compared to $4,292,000 or $1.01 per s
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News
- Jeffersonville Bancorp Announces Fourth Quarter and Record Full Year Earnings of $11,175,000 or $2.64 per share; Declares Dividend of $0.15 [Yahoo! Finance]Yahoo! Finance
- Jeffersonville Bancorp Announces Fourth Quarter and Record Full Year Earnings of $11,175,000 or $2.64 per share; Declares Dividend of $0.15GlobeNewswire