logo
Share SHARE
FONT-SIZE Plus   Neg

Cheviot Financial Q1 Profit Rises - Quick Facts

Cheviot Financial Corp. (CHEV), the holding company for Cheviot Savings Bank, Friday reported an increase in profit for the first quarter, due mainly to higher incomes.

The Cheviot, Ohio-based company reported a first-quarter net profit of $883 thousand or $0.12 per share, compared to $552 thousand or $0.06 per share last year.

Net interest income for the quarter grew to $4.03 million from $2.74 million in the year-ago quarter. Total other income rose to $976 thousand from $260 thousand in the prior-year quarter.

Loan loss provisions for the quarter was $150 thousand, same as last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Following his twelve-day trip to Asia, President Donald Trump announced Monday the U.S. is putting North Korea back on a list of state sponsors of terrorism. Trump announced the move in comments ahead of a Cabinet meeting and said his administration would also be ramping up sanctions on North Korea. Volkswagen plans to invest about 22.8 billion euros in its core brand from 2018 to 2022, with main focus on e-mobility and modularization. In a statement on Saturday, the German automaker announced that the investments, as part of the brand's Transform 2025+ strategy, will significantly boost the brand's largest product and technology offensive. Health IQ Insurance Services, a startup focused on providing life insurance for health-conscious individuals, said it has secured $34.6 million in Series C funding, led by Andreessen Horowitz. To date, the company has raised a total of $81 million in funding mostly from its existing investors.
comments powered by Disqus
Follow RTT