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
AT&T announced a definitive agreement to purchase Time Warner in a stock-and-cash transaction valued at $107.50 per share. This purchase price implies a total equity value of $85.4 billion and a total transaction value of $108.7 billion, including Time Warner's net debt. AT&T expects the deal to close before year-end 2017. Chipmaker Qualcomm is reportedly in talks with NXP Semiconductor NV (NXPI) for a possible acquisition, reports said. According to Bloomberg, negotiations are on with a probable price of $110 t $120 per NXP share. The deal would value NXP at around $34.7 billion. Regulators have confirmed the eleventh U.S. fatality linked to Takata Corp.'s defective air bag inflators. The National Highway Traffic Safety Administration or NHTSA said Thursday that a crash fatality in Riverside County, California, was tied to the rupture of a recalled Takata air bag inflator.
comments powered by Disqus
Follow RTT