Csb Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 24, 2020 at 04:00 pm EST
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CSB Bancorp, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 7.129 million compared to USD 6.910 million a year ago. Net income was USD 2.593 million compared to USD 2.492 million a year ago. Basic earnings per share was USD 0.95 compared to USD 0.91 a year ago. For the full year, net interest income was USD 28.399 million compared to USD 26.751 million a year ago. Net income was USD 10.414 million compared to USD 9.412 million a year ago. Basic earnings per share was USD 3.8 compared to USD 3.43 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.