logo
Share SHARE
FONT-SIZE Plus   Neg

Elmira Savings Bank Q1 Profit Rises

Elmira Savings Bank (ESBK) reported first-quarter net income of $1.2 million, up from $1.1 million last year. Earnings per share remained flat with last year at $0.34

Net interest income for the quarter declined to $3.8 million from $3.9 million a year ago. Non-interest income rose to $1.3 million from $0.8 million last year.

Provision for loan losses reduced to $125,000 from $150,000 in the year-ago quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Eric Daniels, the former chief executive of Lloyds Banking Group, is suing the bank for hundreds of thousands of pounds in disputed bonuses, The Times reported. He was at the top job when the lender was bailed out with 20 billion pounds of taxpayer money during the 2008 financial crisis. Lowe's Companies, Inc. (LOW) reported second-quarter net earnings of $1.4 billion or $1.68 per share compared to $1.2 billion or $1.31 per share, a year ago. The second quarter results included a $96 million gain from the sale of the company's interest in its Australian joint venture. Excluding the gain,... Wal-Mart has applied for a U.S. patent for a blimp-style floating warehouse that could make deliveries through drones, Bloomberg reported. The world's largest retailer expects the proposed floating warehouse could help it lower the costs of fulfilling online orders, especially the expensive last-mile deliveries..
comments powered by Disqus
Follow RTT