Morris State Bancshares, Inc (MBLU) Declares $0.44 Quarterly Dividend; 2.1% Yield

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Morris State Bancshares Announces Solid Earnings in 2021 and Increases Quarterly Dividend

January 31, 2022 3:34 PM EST

DUBLIN, Ga., Jan. 31, 2022 (GLOBE NEWSWIRE) -- Morris State Bancshares, Inc. (OTCQX: MBLU) (the Company), the parent of Morris Bank (the Bank), today announced net income of $24.0 million for the year-ended December 31, 2021, representing an increase of $6.6 million, or 37.66%, compared to net income of $17.4 million for the year-ended December 31, 2020. The company also announced diluted earnings per share of $11.40 for 2021, representing a 37.35% increase over diluted earnings per share of $8.30 for 2020.

Highlights of the Companys and Banks performance in 2021 include the following:

Growth in net interest income of $5.6... More