Britton & Koontz Capital Corp. (BKBK) reported first-quarter net income of $243 thousand or $0.11 per share, compared to $575 thousand or $0.27 per share in the previous year quarter.
Net interest income declined to $2.4 million from $3.1 million in the same quarter last year, due primarily to lower average earning assets, offset by lower funding costs of interest bearing liabilities.
Non-interest income for the quarter dropped to $729 thousand from $1.53 million in the comparable quarter last year.
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