Blueharbor bank Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2018
blueharbor bank reported unaudited earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported interest income of $2,027,029 compared to $1,698,429 a year ago. Net interest income was $1,778,281 against $1,520,049 reported last year. Net income before taxes was $737,768 compared to $537,932 a year ago. Net income was $577,973 or $0.19 per diluted share compared to $353,906 or $0.12 per diluted share reported a year ago. Return on average assets was 1.15% against 0.81% reported last year. Return on average equity was 9.27% against 6.00% reported a year ago.