American Bank Incorporated Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2017
American Bank Incorporated announced earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company has reported that net income was $1.26 million, or $0.20 per diluted share, compared to $1.17 million, or $0.19 per diluted share, for the same quarter ended June 30, 2016. Net interest income after provision for loan losses was $3.93 million, compared to $3.56 million for the same quarter ended June 30, 2016.
For the six months, the company announced net income was $2.56 million, or $0.40 per diluted share, compared to $2.11 million, or $0.34 per diluted share, for the same period ended June 30, 2016. Net interest income after provision for loan losses was $7.84 million, compared to $6.91 million for the same period ended June 30, 2016.