logo
Share SHARE
FONT-SIZE Plus   Neg

Fidelity Southern Q1 Profit Rises

Fidelity Southern Corp. (LION) Thursday said its first-quarter profit surged to $5.3 million or $0.29 per share from $1.8 million or $0.08 per share in the prior-year quarter, helped mainly by revenues.

Net-interest income for the period increased to $19.65 million from $17.17 million last year. Net interest margin increased 4 basis points to 3.86 percent from 3.82 percent last year. Non-interest income increased to $17.7 million from $11.7 million last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Goldman Sachs is changing the way it reviews the performance of its some 36,500 employees, media reported Thursday, citing two company wide memos. The bank, considered to be a forerunner in formulating employee compensation policy, is looking to scrap a system that rated employees on a scale of 1 to 9. The system is considered to grind down employee morale. Taiwanese electronics assembler Foxconn Technology Group has replaced 60,000 workers at a factory in China with robots, according to a report in the South China Morning Post. However, the company, which is a major supplier to Apple and Samsung, expects to maintain a significant workforce in China. Netflix Inc. and movie studio Disney are finally taking their deal that was announced in 2012 to the next level. The online movie rental service will become the exclusive U.S. pay-TV home of the latest films from Disney, Marvel, Lucasfilm and Pixar.
comments powered by Disqus
Follow RTT