Britton & Koontz Capital Q1 Profit Down

4/23/2012 7:55 PM ET

Britton & Koontz Capital Corp. (BKBK: Quote) 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.

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by RTT Staff Writer

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