Fidelity Sourthern (LION) Reports Q2 EPS of $0.26

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Go back to Fidelity Sourthern (LION) Reports Q2 EPS of $0.26

Fidelity Southern Corporation Earns $6.6 Million In Second Quarter

July 21, 2016 1:10 PM EDT

ATLANTA, July 21, 2016 /PRNewswire/ -- Fidelity Southern Corporation ("Fidelity" or the "Company") (NASDAQ: LION), holding company for Fidelity Bank (the "Bank"), today reported net income of $6.6 million and $11.2 million for the quarter and six months ended June 30, 2016, respectively. Earnings per diluted share was $0.26 and $0.44 for the quarter and six months ended June 30, 2016, respectively.

KEY QUARTERLY RESULTS

EPS was impacted by $0.21 per share due to the non-cash mortgage servicing rights (MSR) impairment Return on average assets (ROAA) was 0.64%; excluding the impact of the MSR impairment, ROAA was... More