Touchstone Bank Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 29, 2020 at 05:34 pm
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Touchstone Bank announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net income was USD 1.063 million compared to USD 302,000 a year ago. Basic earnings per share was USD 0.32 compared to USD 0.09 a year ago. For the full year, net income was USD 3.286 million compared to USD 1.246 million a year ago. Basic earnings per share was USD 0.99 compared to USD 0.37 a year ago. Diluted earnings per share was USD 0.98 compared to USD 0.37 a year ago.
Touchstone Bank (the Bank) is a local community bank. The Bank provides depository and lending services to customers primarily within the counties of Dinwiddie, Chesterfield and Prince George and the cities of Colonial Heights, Hopewell, and Petersburg. The Bank offers a range of services, including personal, business, loans, services and tools, and wealth management. The Bank's personal and business services include checking account, savings account, loans, and credit card services. The Bank's services and tools include account services, treasury services and various tools. The Bank provides investment, and insurance products and services through its subsidiary, Infinex Investments, Inc. The Bank also provides networking solutions to Virginia community banks through its subsidiary, McKenney Group, LLC. The Bank has approximately 10 branches serving Southern and Central Virginia and two branches and a loan center serving Northern North Carolina.
TOUCHSTONE BANKSHARES, INC. 
