Blueharbor bank Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017
blueharbor bank announced unaudited earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported interest income of $2,016,828 compared with $1,655,559 for the same period a year ago. Net interest income was $1,774,401 compared with $1,493,636 for the same period a year ago. Net income before taxes was $709,372 compared with $651,582 for the same period a year ago. Net income was $26,277 or $0.01 per diluted share compared with $383,632 or $0.13 per diluted share for the same period a year ago.
For the year, the company reported interest income of $7,592,457 compared with $6,284,222 for the same period a year ago. Net interest income was $6,714,402 compared with $5,680,242 for the same period a year ago. Net income before taxes was $2,684,367 compared with $1,945,272 for the same period a year ago. Net income was $1,327,828 or $0.44 per diluted share compared with $1,227,567 or $0.41 per diluted share for the same period a year ago.