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Bank Of Virginia Q3 Loss Narrows - Quick Facts

Bank of Virginia (BOVA) posted third-quarter net loss of $544 thousand or $0.21 per share, narrower than $724 thousand or $0.32 per share in the comparable quarter last year.

Net interest income for the quarter was $1.1 million, up from $1.0 million in the prior year quarter, while non-interest income for the latest third quarter was $69 thousand, compared to $88 thousand in the previous year period.

For nine months, net loss narrowed to $54 thousand or $0.02 per share from $3.8million or $1.68 per share in the year-ago period.

Net interest income for the period rose to $508 thousand from $419 thousand in the same period last year, while non-interest income for nine months was $5.1 million, compared to $5.4 million last year.

by RTT Staff Writer

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