Fidelity Sourthern (LION) Posts Mixed Q3 Results
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Fidelity Southern Corporation Earns $12.5 Million In Third Quarter
October 20, 2016 2:00 PM EDTATLANTA, Oct. 20, 2016 /PRNewswire/ -- Fidelity Southern Corporation ("Fidelity" or the "Company") (NASDAQ: LION), holding company for Fidelity Bank (the "Bank"), today reported net income of $12.5 million and earnings per diluted share of $0.48 for the quarter ended September 30, 2016.
KEY RESULTS
Net income increased to $12.5 million, or 88.3% Total revenue increased to $79.2 million, or 18.6% Net interest margin increased to 3.46%, or 15 basis points Total assets increased to $4.4 billion, or 2.7% Loan portfolio increased to $3.8 billion, or 3.7% Loans serviced for others grew to $8.9 billion, or 2.6%... More