Perpetual Federal Savings Bank Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended September 30, 2016
Perpetual Federal Savings Bank announced unaudited consolidated earnings results for the fourth quarter and full year ended September 30, 2016. The company reported fiscal fourth quarter net income of $1.2 million, or basic and diluted earnings per share of $0.48, for the quarter ended September 30, 2016, compared to net income of $1.3 million, or basic and diluted earnings per share of $0.52 for the quarter ended September 30, 2015. Net interest income was $2.785 million against $2.785 million a year ago. Income before income taxes was $1.779 million against $1.962 million a year ago.
For the twelve months ended September 30, 2016, the Savings Bank reported $5.0 million of net income, or $2.01 per share of basic and diluted earnings, which was relatively unchanged compared to $5.0 million of net income, or $2.03 per share of basic and diluted earnings for the twelve months ended September 30, 2015. Net interest income was $11.318 million against $11.115 million a year ago. Income before income taxes was $7.519 million against $7.578 million a year ago.