Morris State Bancshares, Inc (MBLU) Declares $0.44 Quarterly Dividend; 2.3% Yield
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Morris State Bancshares Announces Quarterly Earnings and Declares Third Quarter Dividend
July 25, 2023 8:00 AM EDTDUBLIN, Ga., July 25, 2023 (GLOBE NEWSWIRE) -- Morris State Bancshares, Inc. (OTCQX: MBLU) (the Company), the parent of Morris Bank, today announced net income of $4.8 million for the quarter ending June 30, 2023, representing an increase of $704 thousand, or 17.15%, compared to net income of $4.1 million for the quarter ended March 31, 2023. Higher quarter-over-quarter net earnings were a result of three primary factors:
Higher net interest incomeLower credit provisioningLower salaries and benefits costs centered around lower bonus compensation and deferred compensation... More