First Advantage Bancorp Declares First Quarter 2016 Cash Dividend, Payable on or about May 16, 2016; Announces Earnings Results for the First Quarter of 2016
The company announced earnings results for the first quarter of 2016. The company announced net income of $663,000 for the first quarter of 2016, or $0.18 per basic share and $0.17 per diluted share, compared to $583,000 in the first quarter last year and $1.175 million in the fourth quarter last year. Net interest margin fell slightly during the quarter, from 4.38% in the prior quarter to 4.29%, due in part to the maturity of US Treasuries and reinvestment in a current low interest rate environment.