FONT-SIZE Plus   Neg

MSB Financial Q3 Profit Falls - Quick Facts

MSB Financial Corp. (MSBF), 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

Quick Facts

Editors Pick
Apple confirmed that it has bought face animation software firm Faceshift, although it was tight lipped about how it intends to use the new addition. The move is speculated as a bid to expand into virtual reality. Environment ministry of South Korea Thursday ordered Volkswagen Korea to recall 125,522 diesel vehicles on determining actual emissions of nitrogen oxides. The ministry has asked the German automobile maker to pay a fine of 14.1 billion Won or $12.31 million. The company has to submit a recall plan by January 6, 2016. The U.S. Food and Drug Administration has alerted health care professionals and patients of a voluntary recall of compounded multivitamin capsules containing high amounts of Vitamin D3 (Cholecalciferol), distributed nationwide by Glades Drugs in Pahokee, Florida. FDA has received reports of several...
comments powered by Disqus
Follow RTT