Friendly Hills Bank Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2017
Friendly Hills Bank reported unaudited earnings results for the first quarter ended March 31, 2017. For the quarter, the company’s net interest income was $1,127,000 compared with $1,017,000 a year ago. Income before provision for income taxes was $264,000 compared with $124,000 a year ago. Net income of $162,000 or $0.08 per basic and diluted share compared with $80,000 or $0.04 per basic and diluted share for the period ended March 31, 2016. As on March 31, 2017, the company’s book value per share was $8.27 against $7.99 per share a year ago.