Csb Bancorp Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
October 22, 2019 at 04:25 pm EDT
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CSB Bancorp Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced net interest income was USD 7.188 million compared to USD 6.801 million a year ago. Net income was USD 2.695 million compared to USD 2.432 million a year ago. Basic earnings per share was USD 0.98 compared to USD 0.88 a year ago. For the nine months, net interest income was USD 21.270 million compared to USD 19.842 million a year ago. Net income was USD 7.821 million compared to USD 6.920 million a year ago. Basic earnings per share was USD 2.85 compared to USD 2.52 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.