Merchants Bancshares (MBVT) Declares $0.28 Quarterly Dividend; 3.5% Yield
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Merchants Bancshares, Inc. Announces Dividend and Second Quarter 2015 Results
July 27, 2015 4:07 PM EDTSOUTH BURLINGTON, Vt., July 27, 2015 /PRNewswire/ -- Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $3.12 million and $6.45 million, or diluted earnings per share of $0.49 and $1.02 for the three and six months ended June 30, 2015, respectively.  This compares to net income of $3.41 million and $6.82 million, or diluted earnings per share of $0.54 and $1.07 for the three and six months ended June 30, 2014, respectively. The return on average assets was 0.72% for the three months and 0.75% for the six months ended June 30, 2015, compared to 0.82% for the same periods in 2014. The return on average equity was 9.73% and... More
