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
Railroad operator CSX Corp. (CSX), Tuesday reported a slight drop in profit for the third quarter, as revenues dropped 9 percent hurt largely by lower coal freight revenues. Nevertheless, earnings for the quarter trumped Wall Street estimates, while revenues fell short. Jacksonville, Florida-based... Intel Corp. (INTC), the world's biggest chipmaker, Tuesday reported a drop in profit for the third quarter, as personal computer sales continue to decline. Intel generates a chunk of its revenues by selling chips for computers, however, the company has been negatively impacted by slowing demand for... Earnings at banking giant JP Morgan Chase (JPM) jumped more than 20% compared to last year, despite a decline in revenue. The firm's bottom line received a boost from about $2 billion in tax benefits.
comments powered by Disqus
Follow RTT