Blackhawk Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2012
February 08, 2013 at 04:00 pm EST
Blackhawk Bancorp Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported total interest and dividend income of $5,748,000 against $6,137,000 for the same period last year. Net interest and dividend income was $4,775,000 against $4,844,000 for the same period last year. Income before income taxes was $670,000 against $607,000 for the same period last year. Net income was $781,000 or $0.28 per diluted share against $731,000 or $0.26 per diluted share for the same period last year. Return on assets was 0.55% against 0.52% for the same period last year. Return on common equity was 6.69% against 6.72% for the same period last year.
For the year, the company reported total interest and dividend income of $23,494,000 against $24,822,000 for the same period last year. Net interest and dividend income was $19,016,000 against $19,151,000 for the same period last year. Income before income taxes was $3,159,000 against $2,860,000 for the same period last year. Net income was $2,912,000 or $1.03 per diluted share against $2,426,000 or $0.81 per diluted share for the same period last year. Return on assets was 0.52% against 0.44% for the same period last year. Return on common equity was 6.37% against 5.51% for the same period last year.