MSB Financial Corp. Releases First Quarter Earnings
MSB FINANCIAL (MSBF)
US:NASDAQ Investor Relations:
millingtonbank.com/about-us/investor-relations
Company Research
Source: GlobeNewswire
MILLINGTON, N.J., May 01, 2018 (GLOBE NEWSWIRE) -- MSB Financial Corp. (NASDAQ:MSBF) (the “Company”), parent company of Millington Bank, reported today the results of its operations for the three months ended March 31, 2018. The Company reported net income of $1.0 million, or $0.19 per diluted common share, for the three months ended March 31, 2018, compared to net income of $549,000, or $0.10 per diluted common share, for the three months ended March 31, 2017. The increase in net income was primarily attributable to the combined effects of an increase of net interest income of $707,000 and a decrease of $105,000 in the provision for loan losses, offset by an increase in non-interest expenses of $270,000. Highlights for the quarter: Return on average assets was 0.74% for the three months ended March 31, 2018 compared to 0.48% for the three months ended March 31, 2017 and return on average equity was 5.65% for the three months ended March 31, 2018 compared to 2.97% for the three
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