Jeffersonville Bancorp Announces First Quarter Earnings of $1,473,000; Declares Quarterly Dividend of $0.14
11 5월 2016 - 11:44PM
Jeffersonville Bancorp, Inc. (OTCQB:JFBC) announced today first
quarter net income of $1,473,000 or $0.35 per share compared to
$1,176,000 or $0.28 per share for the same quarter in 2015. The
increase in quarterly net income was primarily due to a
non-recurring life insurance benefit of $247,000 and a decrease in
non-interest expense of $119,000, partially offset by a decrease in
net interest income of $62,000.
A cash dividend in the amount of fourteen cents
($0.14) per share on the common stock of the company was declared
at the May 10, 2016 meeting of the Board of Directors. The
dividend is payable on June 1, 2016 to stockholders of record at
the close of business on May 23, 2016.
Jeffersonville Bancorp is a one-bank holding
company, which owns all the capital stock of Jeff Bank. Jeff
Bank maintains twelve full service branches in Sullivan County, New
York located in Bloomingburg, Eldred, Callicoon, Jeffersonville,
Liberty, Livingston Manor, Loch Sheldrake, Monticello, Narrowsburg,
Wal-Mart/Monticello, White Lake and Wurtsboro.
Contact: George W. Kinne, Jr., President – CEO
For More Information, call: 845-482-4000
Jeffersonville Bancorp (NASDAQ:JFBC)
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Jeffersonville Bancorp (NASDAQ:JFBC)
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