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
As the Black Friday din settles down, it is time to look back at how various players and products fared and Adobe has offered some insight into just that. Mobiles and smartphones sold like hot cakes, according to online shopping data released by Adobe. After nearly a 2-year hiatus following its announcement that it is testing unmanned drones, Amazon finally offered a glimpse into the prototype and its functioning. It remains to be see if the company can work around regulatory hurdles to make it a reality. Microsoft's (MSFT) office assistant Cortana for iOS beta has arrived, but only 2000 people will be able to test the virtual assistant.
comments powered by Disqus
Follow RTT