Oak Ridge Financial Services, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 04, 2020 at 07:54 am IST
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Oak Ridge Financial Services, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced net interest income was USD 4.447 million compared to USD 4.117 million a year ago. Net income was USD 1.201 million compared to USD 995,000 a year ago. Basic earnings per share from continuing operations was USD 0.45 compared to USD 0.38 a year ago. For the half year, net interest income was USD 8.417 million compared to USD 8.075 million a year ago. Net income was USD 1.373 million compared to USD 2.003 million a year ago. Basic earnings per share from continuing operations was USD 0.52 compared to USD 0.77 a year ago. Diluted earnings per share from continuing operations was USD 0.52 compared to USD 0.76 a year ago.
Oak Ridge Financial Services, Inc. is a bank holding company for Oak Ridge Financial Corporation (the Bank). The principal activity of the Company is ownership of the Bank. The Bank provides financial services through its branch network located in Guilford County, North Carolina. The Companyâs customers are principally located in Guilford County, North Carolina, and adjoining counties.
OAK RIDGE FINANCIAL SERVICES, INC. 
