Merchants Bancshares (MBVT) Declares $.28 Quarterly Dividend; 2.3% Yield
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Merchants Bancshares, Inc. Reports First Quarter Results; Declares Dividend
April 20, 2017 4:01 PM EDTSOUTH BURLINGTON, Vt., April 20, 2017 /PRNewswire/ -- Merchants Bancshares, Inc. (NASDAQ: MBVT) (the "Company"), the parent company of Merchants Bank, today announced net income of $3.6 million and $0.52 per diluted share for the first quarter of 2017 compared to net income of $3.1 million or $0.45 per diluted share in the fourth quarter of 2016 and $3.5 million in net income or $0.50 per diluted share in the first quarter of 2016. Excluding Community Bank System, Inc. merger costs, net of tax, the Company's adjusted net income was $4.5 million or $0.66 per diluted share for the first quarter of 2017. This compares to adjusted net income of $5.1... More
