Jeffersonville Bancorp Announces Second Quarter Earnings of $3,031,000 or $0.72 per share and Year to Date Earnings of $5,584,000 or $1.32 per share; Declares Dividend of $0.15
TBBKThe Bancorp(TBBK) GlobeNewswire News Room·2024-08-14 00:43

JEFFERSONVILLE, N.Y., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Jeffersonville Bancorp, Inc. (OTCQB – JFBC) announced today second quarter net income of 3,031,000or3,031,000 or 0.72 per share compared to 3,196,000or3,196,000 or 0.75 per share for the same quarter in 2023. The decrease in quarterly net income compared to 2023 of 165,000wasprimarilyattributabletoanincreaseinprovisionexpenseof165,000 was primarily attributable to an increase in provision expense of 496,000 consisting of 57,000inprovisionexpenseandanegativeprovisionof57,000 in provision expense and a negative provision of 439,000 recorded in the same period in 2023, an incr ...