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
American Airlines Group said pilots at its subsidiaries American Airlines and US Airways, represented by Allied Pilots Association, have approved a new five-year contract which provides immediate pay raises of 23 percent and subsequent annual raises of three percent for the next five years. LEGO Group, TT Games and Warner Bros. Interactive Entertainment have announced their 2015 slate of video games, including LEGO Jurassic World, LEGO Marvel's Avengers, and as well as new hand-held and mobile titles. Social-networking giant Facebook, Inc. is said to be testing their new 'Place Tips' feature for iOS users that will rival a similar service being provided by Yelp or Foursquare. The feature will provide the user relevant content about their location as long as they are there through pop ups on their news feed page of Facebook.
comments powered by Disqus
Follow RTT