Merchants Bancshares (MBVT) Declares $0.28 Quarterly Dividend; 2.6% Yield
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Merchants Bancshares, Inc. Reports Third Quarter Results; Declares Dividend
October 27, 2016 4:01 PM EDTSOUTH BURLINGTON, Vt., Oct. 27, 2016 /PRNewswire/ -- Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $3.9 million and $0.57 per diluted share for the third quarter of 2016 compared to net income of $4.4 million or $0.63 per diluted share in the second quarter of 2016 and $3.9 million in net income or $0.61 per diluted share in the third quarter of 2015. Excluding acquisition, merger, severance and retirement costs, net of tax, the Company's adjusted net income was $4.3 million or $0.62 per diluted share for the third quarter of 2016. This compares to... More
Merchants Bancshares, Inc. Reports Third Quarter Results; Declares Dividend
October 27, 2016 4:01 PM EDTSOUTH BURLINGTON, Vt., Oct. 27, 2016 /PRNewswire/ -- Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $3.9 million and $0.57 per diluted share for the third quarter of 2016 compared to net income of $4.4 million or $0.63 per diluted share in the second quarter of 2016 and $3.9 million in net income or $0.61 per diluted share in the third quarter of 2015. Excluding acquisition, merger, severance and retirement costs, net of tax, the Company's adjusted net income was $4.3 million or $0.62 per diluted share for the third quarter of 2016. This compares to... More
