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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 RTTNews Staff Writer

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