SBT Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017
October 26, 2017 at 05:00 pm EDT
SBT Bancorp, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported total interest and dividend income of $4,416,000 compared to $3,818,000 a year ago. Net interest and dividend income was $3,810,000 compared to $3,372,000 a year ago. Income before income taxes was $847,000 compared to $531,000 a year ago. Net income available to common stockholders was $602,000 or $0.44 per basic and diluted share compared to $431,000 or $0.32 per basic and diluted share a year ago.
For the nine months, the company reported total interest and dividend income of $12,628,000 compared to $11,009,000 a year ago. Net interest and dividend income was $11,003,000 compared to $9,872,000 a year ago. Income before income taxes was $2,191,000 compared to $981,000 a year ago. Net income available to common stockholders was $1,672,000 or $1.23 per basic and diluted share compared to $888,000 or $0.66 per basic and diluted share a year ago.