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
Xbox Live users are aggravated about repeated outages that have prevented gamers from accessing online multiplayer features. Blaming higher egg prices and other rising costs, Dunkin's Donuts will close 100 stores, all of them Speedway gas station and convenience store locations. Micron Technology, Inc. said that its fourth quarter profit fell 59% from last year, as sales declined and gross margins deteriorated amid weak demand and pricing pressures due to continued softness in the personal computer market. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly sales.
comments powered by Disqus
Follow RTT