Choice Bancorp, Inc. Announces Earnings Results for the First Quarter Ended March 31, 2018
Choice Bancorp, Inc. announced earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported net income of $1.03 million, or $0.47 per common share, for the quarter ended March 31, 2018. This compares to net income of $0.77 million, or $0.35 per common share, for the quarter ended March 31, 2017. The first quarter 2018 net income represents a 32.7% increase over first quarter 2017 net income. Net interest income continues to drive the Company's overall earnings model. First quarter 2018 net interest income of $2.83 million represents a $0.32 million increase over first quarter 2017 net interest income. Consolidated book value per share as on March 31, 2018 was $14.32. Interest income was $4,209,000 against $3,420,000 for the same period a year ago.