Perpetual Federal Savings Bank Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended September 30, 2017
Perpetual Federal Savings Bank announced unaudited consolidated earnings results for the fourth quarter and full year ended September 30, 2017. For the quarter, the company reported total interest income of $4,087,000 against $3,994,000 a year ago. Net interest income was $2,834,000 against $2,785,000 a year ago. Net interest income after provision for loan losses was $2,834,000 against $2,785,000 a year ago. Income before income taxes was $1,889,000 against $1,779,000 a year ago. Net income was $1,249,000 or $0.51 per basic and diluted share against $1,176,000 or $0.48 per basic and diluted share a year ago.
For the nine months, the company reported total interest income of $16,314,000 against $15,846,000 a year ago. Net interest income was $11,376,000 against $11,318,000 a year ago. Net interest income after provision for loan losses was $11,376,000 against $11,233,000 a year ago. Income before income taxes was $7,766,000 against $7,519,000 a year ago. Net income was $5,133,000 or $2.08 per basic and diluted share against $4,970,000 or $2.01 per basic and diluted share a year ago.