Westfield Financial (WFD) Tops Q1 EPS by 2c
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Westfield Financial, Inc. Reports Results for the Quarter Ended March 31, 2016 and Declares Quarterly Dividend
May 2, 2016 10:30 AM EDTTangible Book Value at Highest Level Since the First Quarter of 2013
WESTFIELD, Mass.--(BUSINESS WIRE)-- Westfield Financial, Inc. (the Company) (NasdaqGS: WFD), the holding company for Westfield Bank (the Bank), reported net income of $2.0 million, or $0.11 per diluted share, for the quarter ended March 31, 2016, compared to $1.3 million, or $0.08 per diluted share, for the quarter ended March 31, 2015.
Selected financial highlights for first quarter 2016 include:
Total loans increased $96.6 million, or 13.2%, to $827.0 million at March 31, 2016 compared to $730.4 million at March 31, 2015. This was primarily due to increases in residential loans of $63.6... More