Iowa First Bancshares Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017
July 26, 2017 at 09:30 pm IST
Iowa First Bancshares Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported net interest income of $3,934,000 against $3,690,000 a year ago. Net income after income taxes was $1,140,000 against $1,081,000 a year ago. Net income per common share basic and diluted was $1.01 against $0.96 per share a year ago.
For the six months, the company reported net interest income of $7,707,000 against $7,379,000 a year ago. Net income after income taxes was $1,533,000 against $2,081,000 a year ago. Net income per common share basic and diluted was $1.36 against $1.84 per share a year ago. Return on average equity was 6.8% against 9.1% a year ago. Return on average assets was 0.64% against 0.90% a year ago.