The National Capital Bank of Washington Announces Unaudited Earnings Results for Fourth Quarter and Full Year Ended December 31, 2017
January 25, 2018 at 12:23 am IST
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The National Capital Bank of Washington announced unaudited earnings results for fourth quarter and full year ended December 31, 2017. For the quarter, the company reported interest income of $3,580,000 against $3,182,000 a year ago. Net interest income was $3,429,000 against $3,071,000 a year ago. Income before taxes was $807,000 against $1,634,000 a year ago. Net loss was $277,000 against income of $937,000 a year ago. Net loss per share was $0.96 against net income per share of $3.25 a year ago. Negative return on average stockholders' equity was 2.48% against return on average stockholders' equity of 10.50% a year ago. Negative return on average total assets was 0.26% against return on average total assets of 0.90% a year ago.
For the year, the company reported interest income of $13,529,000 against $11,822,000 a year ago. Net interest income was $13,021,000 against $11,375,000 a year ago. Income before taxes was $4,534,000 against $7,811,000 a year ago. Net income was $1,971,000 against $4,685,000 a year ago. Net income per share was $6.83 against $16.27 a year ago. Book value per share as at December 31, 2017 was $151.08 against $142.29 a year ago. Return on average stockholders' equity was 4.51% against 11.28% a year ago. Return on average total assets was 0.47% against 1.13% a year ago.