Teche Holding Company (TSH: Quote), holding company for Teche Federal Bank, reported third-quarter net income of $1.7 million or $0.83 per share, down from last year's $1.8 million or $0.85 per share.
On average, 2 analysts polled by Thomson Reuters expected the company to earn $0.86 per share for the quarter. Analysts' estimates typically excludes special items.
Net interest income for the latest quarter rose to $7.7 million from $7.6 million last year. Net interest margin for the quarter was 4.06 percent, compared to $4.24 percent a year ago.
Non-interest income for the quarter, though, declined to $3.7 million from $3.9 million in the comparable quarter last year.
Provision for loan losses decreased to $0.5 million from last year's $1.0 million in the third quarter.
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by RTT Staff Writer
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