LNB Bancorp (LNBB) Reports In-Line Q2 EPS

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Go back to LNB Bancorp (LNBB) Reports In-Line Q2 EPS

LNB Bancorp, Inc. Reports Second Quarter 2015 Results:

August 4, 2015 8:25 AM EDT

Net Income Available to Common Shareholders of $2.3 million, an increase of 11.8% as compared to the same quarter one year ago. Loan balances grew by $26.5 million and deposits grew by $2.3 million as compared to the same quarter one year ago. Nonperforming assets declined by $4.4 million, a decrease of 21% from the second quarter a year ago. No loan loss provision was taken for the quarter ended June 30, 2015. On June 16, 2015, LNB Bancorp shareholders approved the merger with Northwest Bancshares. The transaction is expected to close on August... More