Choice Bancorp, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016
Choice Bancorp, Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company's interest income was $3,433,000 compared to $2,810,000 a year ago. Net interest income was $2,565,000 compared to $2,131,000 a year ago. Net income was $830,000 compared to $683,000 a year ago. Earnings per share was $0.38 compared to $0.33 a year ago.
For the year, the company's interest income was $12,639,000 compared to $10,686,000 a year ago. Net interest income was $9,474,000 compared to $8,316,000 a year ago. Net income was $3,129,000 compared to $2,602,000 a year ago. Earnings per share was $1.43 compared to $1.28 a year ago. Book value per share was $13.05 compared to $11.92 a year ago.