Cortland Bancorp (CLDB) Declares $0.08 Quarterly Dividend; 1.7% Yield

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Cortland Bancorp Earns $2.1 Million, or $0.49 Per Share, for 3Q17; Declares Regular Quarterly Dividend of $0.08 per Share

October 31, 2017 4:00 PM EDT

CORTLAND, Ohio, Oct. 31, 2017 (GLOBE NEWSWIRE) -- Cortland Bancorp (OTCQB: CLDB), the holding company for Cortland Savings and Banking Company, today reported net income of $2.1 million, or $0.49 per share, for the third quarter of 2017, compared to $1.2 million, or $0.27 per share, for the third quarter of 2016 and $1.2 million, or $0.26 per share, for the second quarter of 2017.  For the nine months ended September 30, 2017, net income was $4.3 million, or $0.98 per share, compared to $3.7 million, or $0.85 per share for the nine months of 2016.

We delivered strong financial results this quarter, highlighted by year-over-year growth... More