Madison County Financial, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
February 11, 2020
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Madison County Financial, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 3.454 million compared to USD 3.094 million a year ago. Net income was USD 1.393 million compared to USD 1.286 million a year ago. Basic earnings per share from continuing operations was USD 0.54 compared to USD 0.49 a year ago. Diluted earnings per share from continuing operations was USD 0.52 compared to USD 0.48 a year ago. For the full year, net interest income was USD 12.906 million compared to USD 12.561 million a year ago. Net income was USD 5.692 million compared to USD 5.580 million a year ago. Basic earnings per share from continuing operations was USD 2.21 compared to USD 2.11 a year ago. Diluted earnings per share from continuing operations was USD 2.13 compared to USD 2.04 a year ago.
Madison County Financial, Inc. is the holding company for Madison County Bank (the Bank). The Bank is engaged in providing a range of banking and financial services to individual and corporate customers in the areas surrounding Madison, Nebraska. The Bank offers a range of business and agriculture-specific banking and lending services to help local farmers and business owners manage their finances and grow their operations. Its agriculture and business services include online banking, mobile banking, checking, merchant services, commercial loans, agricultural loans and various other services. The Bank offers various loans, including real estate, agricultural and commercial non-real estate and consumer loans. Its agricultural real estate loans are comprised of loans for the purchase of farmland. Its agricultural non-real estate loans are comprised of seasonal operating lines to cash grain farmers to plant and harvest corn and soybeans, and term loans to fund the purchase of equipment.
MADISON COUNTY FINANCIAL, INC. 
