The National Bank Announces Unaudited Earnings Results for the Year Ended December 31, 2017
The National Bank announced unaudited earnings results for the year ended December 31, 2017. For the year, the company reported interest income of $43,046,452 against $35,925,791 a year ago. Net interest income was $28,188,291 against $23,663,806 a year ago. Net income before tax was $12,044,749 against $10,094,212 a year ago. Net income after tax was $9,204,749 or $0.123 per basic and diluted share against $7,402,240 or $0.099 per basic and diluted share a year ago. Net cash outflow from operating activities was $17,722,168 against $32,062,923 a year ago. Purchase of property, plant and equipment was $2,763,898 against $1,014,492 a year ago. Purchase of intangible assets was $1,502,899 against $753,732 a year ago.