People's Utah Bancorp Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015
For the full year, the company reported total interest income of $64,601,000 compared with $58,203,000 for the same period a year ago. Net interest income was $61,640,000 compared with $54,943,000 for the same period a year ago. Income before income tax expense was $29,876,000 compared with $25,151,000 for the same period a year ago. Net income was $19,641,000 or $1.17 per diluted share compared with $14,905,000 or $0.98 per diluted share for the same period a year ago. Book value per share was $11.92 compared with $10.68 for the same period a year ago. Tangible book value per share was $11.88 compared with $10.63 for the same period a year ago. Return on average assets was 1.34% compared with 1.12% for the same period a year ago. Return on average equity was 10.49% compared with 9.76% for the same period a year ago.