LNB Bancorp (LNBB) Reports Q1 EPS of $0.19

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Go back to LNB Bancorp (LNBB) Reports Q1 EPS of $0.19

LNB Bancorp, Inc. Reports First Quarter 2015 Results

April 30, 2015 8:37 AM EDT

On December 15, 2014, the Corporation entered into an agreement with Northwest Bancshares to be acquired and the transaction is expected to close during the third quarter of 2015. Merger related expenses of $130,000 were incurred during the quarter ended March 31, 2015. First quarter net income available to common shareholders of $1.85 million, an increase of 17.6% as compared to the same quarter one year ago. Non-performing assets declined by $4.1 million, a decrease of 19% from the first quarter a year ago. No loan loss provision taken for the quarter ended March 31, 2015.... More