First Bankers Trustshares Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016
November 02, 2016 at 06:00 pm IST
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First Bankers Trustshares Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, net interest income was $6.306 million against $6.138 million a year ago. Net income was $2.286 million against $2.309 million a year ago. Return on average assets was 0.99% against 1.03% a year ago. Return on average common stockholders' equity was 11.73% against 13.04% a year ago. Earnings per common share were $0.74 against $0.74 a year ago.
For the nine months, net interest income was $18.784 million against $17.814 million a year ago. Net income was $7.034 million against $6.809 million a year ago. Return on average assets was 1.05% against 1.04% a year ago. Return on average common stockholders' equity was 12.47% against 13.30% a year ago. Book value per common share as on September 30, 2015, was $22.92 against $20.72 a year ago. Earnings per common share were $2.28 against $2.19 a year ago. Book value per common share was $25.5 against $22.92 a year ago.
First Bankers Trustshares, Inc. is the holding company for First Bankers Trust Company, N. A. (the Bank). The primary business of the Bank is that of a community-oriented financial institution offering a variety of financial services. It attracts deposits from the general public and uses such deposits, together with borrowings and other funds, to originate one-to-four family residential mortgage loans, consumer loans, small business loans and agricultural loans in its primary market area. It also invests in investment securities consisting of United States government or agency obligations, mortgage-backed securities, financial institution certificates of deposit, and other liquid assets. Its portfolio segments include commercial operating, commercial real estate, agricultural operating, agricultural real estate, construction, and land development. It offers consumer and other loans, including motor vehicle, home improvement, home equity, signature loans and small personal credit lines.