Westfield Financial (WFD) Misses Q1 EPS by 1c
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Westfield Financial, Inc. Reports Results for the Quarter Ended March 31, 2015 and Declares Quarterly Dividend
April 29, 2015 10:17 AM EDTLoan growth continues to be strong at 12.7% year-over-year
WESTFIELD, Mass.--(BUSINESS WIRE)-- Westfield Financial, Inc. (the Company) (NasdaqGS: WFD), the holding company for Westfield Bank (the Bank), reported net income of $1.3 million, or $0.08 per diluted share, for the quarter ended March 31, 2015, compared to $1.6 million, or $0.09 per diluted share, for the quarter ended March 31, 2014.
Selected financial highlights for first quarter 2015 include:
Total loans increased $82.2 million, or 12.7%, to $730.4 million at March 31, 2015 compared to $648.2 million at March 31, 2014. This was primarily due to increases in residential loans of $38.9 million, commercial and... More