Jeffersonville Bancorp (JFBC) Declares $0.15 Quarterly Dividend; 3.1% Yield

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Go back to Jeffersonville Bancorp (JFBC) Declares $0.15 Quarterly Dividend; 3.1% Yield

Jeffersonville Bancorp Announces Second Quarter Earnings of $1,735,000 or $0.41 per share and Year to Date Earnings of $3,049,000 or $0.72 per share; Declares Dividend of $0.15

August 10, 2021 12:29 PM EDT

JEFFERSONVILLE, N.Y., Aug. 10, 2021 (GLOBE NEWSWIRE) -- Jeffersonville Bancorp, Inc. (OTCQB - JFBC) announced today second quarter net income of $1,735,000 or $0.41 per share compared to $1,264,000 or $0.30 per share for the same quarter in 2020. The increase in quarterly net income compared to 2020 of $471,000 was primarily attributable to an increase in total non-interest income of $266,000, a decrease in the provision for loan losses of $250,000, an increase in total interest and dividend income of $232,000, and a decrease in interest expense of $76,000, partially offset by an increase in total non-interest expense of $181,000, and an increase in income tax expense of $172,000... More