First Defiance Financial Corp (FDEF) Tops Q2 EPS by 6c

First Defiance Financial Corp (NASDAQ: FDEF) reported Q2 EPS of $0.57, $0.06 better than the analyst estimate of $0.51.

Highlights:

• Return on average assets of 1.05%, up from 0.98% in the linked quarter, down from 1.21% in the 2013 second quarter
• Net interest margin of 3.62%, up from 3.61% in the linked quarter, down from 3.82% in the 2013 second quarter
• Average earning assets up 6.9% from second quarter 2013
• Nonperforming loans down 13.2% from second quarter 2013

“Our earnings performance in the second quarter was very solid, and our outlook remains very positive on our prospects going forward,” said Donald P. Hileman, President, and Chief Executive Officer of First Defiance Financial Corp. “Improved loan growth and expansion in both net interest income and non-interest revenues from last quarter show positive progress in our core business strategies.”

For earnings history and earnings-related data on First Defiance Financial Corp (FDEF) click here.

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