Blueharbor bank Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017
blueharbor bank reported unaudited earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported interest income of $2,006,260 against $1,609,717 a year ago. Net interest income was $1,770,488 against $1,456,656 a year ago. Net income before taxes was $795,632 against $432,332 a year ago. Net income was $523,794 or $0.17 per diluted share against $281,076 or $0.09 per diluted share a year ago.
For the nine months, the company reported interest income of $5,575,629 against $4,628,663 a year ago. Net interest income was $4,940,001 against $4,186,606 a year ago. Net income before taxes was $1,974,995 against $1,293,690 a year ago. Net income was $1,301,551 or $0.43 per diluted share against $843,935 or $0.28 per diluted share a year ago.