logo
Share SHARE
FONT-SIZE Plus   Neg

MSB Financial Q3 Profit Falls - Quick Facts

MSB Financial Corp. (MSBF: Quote), the holding company for Millington Savings Bank, Wednesday reported third-quarter net income of $194,000, compared to $207,000 last year. On a per share basis, earnings for the quarter remained unchanged from last year at $0.04.

Net interest income for the quarter fell to $2.6 million from $2.8 million last year, due mainly to lower levels of average interest earning assets as well as decreases in the average yield earned. Net interest margin for the quarter decreased to 3.28% from 3.48% last year.

Non-interest income for the quarter totaled $160,000, a decrease of 4.8% compared to last year.

Loan loss provision for the quarter was higher at $471,000, compared to $400,000 in the prior year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
H&R Block, Inc., the largest U.S. tax preparer, said Wednesday after the markets closed that its third quarter loss narrowed sharply from last year, as revenue surged due to an earlier opening of the Internal Revenue Service's e-file system this tax season. The company's quarterly loss per share also smaller than analysts estimated, but its quarterly revenue fell short of analysts' forecast. Microsoft co-founder Paul Allen's maritime plunge took an exciting yet somber turn, after he found the wreck of a once-feared World War II Japanese battleship that met its doom by enemy torpedoes decades ago near the Philippines. A new study reveals that more large companies in the U.S. are run by men with the names John, Robert, William or James than the total number of women CEOs. For each women CEO of S&P 1500 companies there are four men CEOs named John, Robert, William or James, according to a study conducted by the New...
comments powered by Disqus
Follow RTT