Jeffersonville Bancorp Announces Third Quarter Earnings of $1,762,000 or $0.42 per share and Year to Date Earnings of $5,066,000 or $1.20 per share; Declares Dividend of $0.15
JEFFERSONVILLE BANCORP (JFBC)
US:NASDAQ Investor Relations:
jeffbank.com/investor-relations
Company Research
Source: GlobeNewswire
JEFFERSONVILLE, N.Y., Nov. 14, 2018 (GLOBE NEWSWIRE) -- Jeffersonville Bancorp, Inc. (OTCQB - JFBC) announced today third quarter net income of $1,762,000 or $0.42 per share compared to $1,343,000 or $0.32 per share for the same quarter in 2017. The increase in quarterly net income compared to 2017 of $419,000 was primarily attributable to an increase in interest earned on loans of $450,000 and an increase in interest on excess reserves (IOER) at the Federal Reserve Bank of $165,000 partially offset by an increase in non-interest expense of $339,000. Year to date net income as of September 30, 2018 was $5,066,000 or $1.20 per share compared to $4,039,000 or $0.95 per share for the same period in 2017. The increase in year to date net income compared to 2017 was attributable to several factors. Interest income on loans increased by $665,000, IOER at the Federal Reserve Bank increased by $575,000, and total non-interest income increased by $119,000. In addition, occupancy expense dec
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- 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