CSB Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 26, 2021 at 04:00 pm EDT
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CSB Bancorp, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported net interest income was USD 7.33 million compared to USD 7.04 million a year ago. Net income was USD 2.9 million compared to USD 2.8 million a year ago. Basic earnings per share from continuing operations was USD 1.06 compared to USD 1.02 a year ago. Diluted earnings per share from continuing operations was USD 1.06 compared to USD 1.02 a year ago.
For the nine months, net interest income was USD 20.8 million compared to USD 20.97 million a year ago. Net income was USD 8.53 million compared to USD 7.89 million a year ago. Basic earnings per share from continuing operations was USD 3.12 compared to USD 2.88 a year ago. Diluted earnings per share from continuing operations was USD 3.12 compared to USD 2.88 a year ago.
CSB Bancorp, Inc. is a financial holding company. The Company operates through its wholly owned subsidiary, Commercial and Savings Bank of Millersburg, Ohio (the Bank). The Company operates primarily through the Bank and CSB Investment Services, LLC, providing a wide range of banking, trust, financial, and brokerage services to corporate, institutional, and individual customers throughout northeast Ohio. The Bank provides retail and commercial banking services to its customers, including checking and savings accounts, time deposits, individual retirement accounts (IRAs), safe deposit facilities, personal loans, commercial loans, real estate mortgage loans, installment loans, night depository facilities, brokerage, and trust services. The Bank provides residential real estate, commercial real estate, commercial, and consumer loans to customers located primarily in Holmes, Stark, Tuscarawas, Wayne, and portions of surrounding counties in Ohio.