Morris State Bancshares, Inc (MBLU) Declares $0.44 Quarterly Dividend; 2.2% Yield
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Morris State Bancshares Announces Quarterly Earnings and Declares Third Quarter Dividend
July 29, 2022 8:18 AM EDTDUBLIN, Ga., July 29, 2022 (GLOBE NEWSWIRE) -- Morris State Bancshares, Inc. (OTCQX: MBLU) (the Company), the parent of Morris Bank, today announced net income of $6.8 million for the quarter ended June 30, 2022, representing an increase of $1.2 million, or 22.31%, compared to net income of $5.6 million for the quarter ended March 31, 2022. The company also announced diluted earnings per share of $3.21 for quarter, representing a 21.59% increase over diluted earnings per share of $2.64 for prior quarter. Higher quarter over quarter net earnings were driven primarily by increased net interest income and lower non-interest expense. The decline in non-interest expense was... More
