Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Cheviot Financial Q1 Profit Rises - Quick Facts

4/27/2012 1:14 PM ET

Cheviot Financial Corp. (CHEV: Quote), 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.

Click here to receive FREE breaking news email alerts for Cheviot Financial Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Housing starts in the U.S. showed a notable increase in the month of March, according to a report released by the Commerce Department on Wednesday, although starts still came in well below economist estimates. The report showed that housing starts climbed 2.8 percent to an annual rate of 946,000 in March from the revised February estimate of 920,000. After moving mostly higher over the course of the two previous sessions, stocks may see some further upside in early trading on Wednesday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 63 points. The U.K. unemployment rate fell below the 7 percent threshold to a five-year low in February and average earnings finally moved above inflation reducing the squeeze on household finances. The jobless rate came in at 6.9 percent of the labor force, the lowest since February 2009, data from the Office for National Statistics showed Wednesday.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.