Southwest Georgia Financial (SGB) Reports Q1 EPS of $0.42
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Price: $18.95 --0%
Financial Fact:
Diluted average shares outstanding: 2.55M
Today's EPS Names:
WF, CWBC, GLTO, More
Financial Fact:
Diluted average shares outstanding: 2.55M
Today's EPS Names:
WF, CWBC, GLTO, More
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Southwest Georgia Financial (NYSE: SGB) reported Q1 EPS of $0.42. Revenue for the quarter came in at $1.07 million, versus $0 reported last year.
First Quarter Income Highlights
- Net income increased to $1.1 million, or $0.42 per diluted share, up from $1.0 million, or $0.41 per diluted share, in the first quarter of 2016.
- Net interest income improved $172 thousand to $4.1 million, primarily due to increased loan volume.
- Higher net interest income and noninterest income were partially offset by a $173 thousand increase in noninterest expenses. Personnel and data processing expenses grew, primarily due to continued Valdosta and Tifton expansion and preparation for migration to a new core processing vendor.
For earnings history and earnings-related data on Southwest Georgia Financial (SGB) click here.
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