FNBH Bancorp Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016
FNBH Bancorp Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the third quarter, the company's interest income were $3,221,000 against $2,520,000 for the same period last year. Net interest income was $3,090,000 against $2,384,000 for the same period last year. Income before income taxes was $1,595,000 against $1,742,000 for the same period last year. Net income was $1,634,000 against $1,730,000 for the same period last year. Earnings per share, basic and diluted, were $0.06 against $0.06 for the same period last year. Tangible book value per share was $1.44 as at September 30, 2016 compared to $1.23 at year-end 2015.
For the nine months, the company's interest income were $9,202,000 against $7,475,000 for the same period last year. Net interest income was $8,806,000 against $7,062,000 for the same period last year. Income before income taxes was $4,529,000 against $2,166,000 for the same period last year. Net income was $4,585,000 against $2,132,000 for the same period last year. Earnings per share, basic and diluted, were $0.17 against $0.08 for the same period last year.