Finemark Holdings, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 16, 2020 at 03:42 pm IST
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FineMark Holdings, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced net interest income was USD 15.205 million compared to USD 11.358 million a year ago. Net income was USD 5.736 million compared to USD 4.525 million a year ago. Basic earnings per share from continuing operations was USD 0.65 compared to USD 0.51 a year ago. Diluted earnings per share from continuing operations was USD 0.63 compared to USD 0.5 a year ago. For the nine months, net interest income was USD 42.862 million compared to USD 33.918 million a year ago. Net income was USD 15.670 million compared to USD 10.886 million a year ago. Basic earnings per share from continuing operations was USD 1.76 compared to USD 1.23 a year ago. Diluted earnings per share from continuing operations was USD 1.73 compared to USD 1.2 a year ago.
FineMark Holdings, Inc. is the holding company of FineMark National Bank & Trust (the Bank), which is a chartered bank and trust company. It offers a range of financial services, including personal and business banking, lending services and asset management and trust services through its banking offices located in Lee, Collier and Palm Beach County, Florida, Maricopa County, Arizona, and Berkeley County, South Carolina. It also has a trust department which offers investment management, trust administration, estate planning and financial planning services. Its personal banking services include certificates of deposits, checking accounts, saving accounts, money market accounts, health savings accounts, and individual retirement accounts. Its business lending services include mixed-use building, multifamily residential, business working capital, equipment purchase and lines of credit and letters of credit. Its financial planning services include asset protection and educational planning.
FINEMARK HOLDINGS, INC. 
