Jeffersonville Bancorp Announces First Quarter Earnings of $1,562,000; Declares Dividend of $0.15
09 5월 2018 - 11:14PM
Jeffersonville Bancorp, Inc. (OTCQB:JFBC) announced today first
quarter net income of $1,562,000 or $0.37 per share compared to
$1,401,000 or $0.33 per share for the same quarter in 2017. The
increase in quarterly net income compared to 2017 was attributable
to several factors. Net interest income increased by $143,000,
non-interest expense decreased $181,000, and tax expense decreased
$109,000. Those improvements were partially offset by a negative
provision to loan losses of $300,000 recognized in the first
quarter of 2017.
A cash dividend in the amount of fifteen cents
($0.15) per share on the common stock of the company was declared
at the May 8, 2018 meeting of the Board of Directors. The
dividend is payable on June 1, 2018 to stockholders of record at
the close of business on May 22, 2018.
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 and Orange
County, New York located in Anawana Lake Road/Monticello, Eldred,
Callicoon, Jeffersonville, Liberty, Livingston Manor, Loch
Sheldrake, Monticello, Narrowsburg, Port Jervis, White Lake and
Wurtsboro.
For More Information, call: 845-482-4000
Contact: George W. Kinne, Jr., President –
CEO
Jeffersonville Bancorp (NASDAQ:JFBC)
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