logo
Share SHARE
FONT-SIZE Plus   Neg

Britton & Koontz Capital Q1 Profit Down

Britton & Koontz Capital Corp. (BKBK) reported first-quarter net income of $243 thousand or $0.11 per share, compared to $575 thousand or $0.27 per share in the previous year quarter.

Net interest income declined to $2.4 million from $3.1 million in the same quarter last year, due primarily to lower average earning assets, offset by lower funding costs of interest bearing liabilities.

Non-interest income for the quarter dropped to $729 thousand from $1.53 million in the comparable quarter last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Philips Lighting, the splinter group of Dutch consumer electronics giant Philips, saw its shares rally around 8.50 percent on its debut on Friday at the Amsterdam stock exchange. The shares are currently at 21.70 euros, above its set pricing of 20 euros per share. 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.
comments powered by Disqus
Follow RTT