Citizens First (CZFC) Raises Quarterly Dividend 16.7% to $0.07; 1.1% Yield

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Go back to Citizens First (CZFC) Raises Quarterly Dividend 16.7% to $0.07; 1.1% Yield

Citizens First Corporation Announces First Quarter 2018 Results and Increase in Quarterly Common Dividend

April 19, 2018 1:47 PM EDT

BOWLING GREEN, Ky., April 19, 2018 /PRNewswire/ -- Citizens First Corporation (NASDAQ: CZFC) today reported results for the three months ended March 31, 2018 which include the following:

For the quarter ended March 31, 2018 the Company reported net income of $1,084,000, or $0.43 per diluted common share (EPS).  This represents a 19.5% increase or $177,000 from the $907,000, or $0.36 per diluted common share, for the quarter ended March 31, 2017. "Loan growth and lower income tax expense combined to drive profitability in the first quarter," said Todd Kanipe, President and CEO.  "The challenge continues to be our margin as the competition for... More