Perpetual Federal Savings Bank Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2013
For the nine months, the company reported total interest income of $12,258,000 compared to $13,526,000 a year ago. Net interest income was $8,652,000 compared to $8,783,000 a year ago. Income before income taxes was $4,382,000 compared to $3,708,000 a year ago. Net income was $2,902,000 or $1.18 per basic and diluted share compared to $2,458,000 or $1.00 per basic and diluted share a year ago. The factor primarily responsible for the changes in net income for the comparative three and nine month periods is the provision for loan losses.