Elmira Savings Bank Reports Un-Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2018
For the year, the company reported net interest income of $16.570 million compared to $16.548 million a year ago. Net income was $4.244 million compared to $4.856 million a year ago. Basic earnings per share were $1.22 per share compared to $1.22 a year ago. Diluted earnings per share were $1.21 per share compared to $1.21 a year ago. Total interest and dividend income was $21.078 million compared to $20.546 million a year ago.
For the quarter, the company reported net charge-offs was $0.199 million against $0.528 million a year ago.