FineMark Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 15, 2024
Share
FineMark Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 11.13 million compared to USD 15.89 million a year ago. Net income was USD 0.535 million compared to USD 3.13 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to USD 0.27 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to USD 0.26 a year ago.
For the full year, net interest income was USD 49.93 million compared to USD 69.89 million a year ago. Net income was USD 5.1 million compared to USD 22.37 million a year ago. Basic earnings per share from continuing operations was USD 0.43 compared to USD 1.91 a year ago. Diluted earnings per share from continuing operations was USD 0.43 compared to USD 1.89 a year ago.
FineMark Holdings, Inc. is the holding company of FineMark National Bank & Trust (the Bank), which is a chartered bank and trust company. It offers a range of financial services, including personal and business banking, lending services and asset management and trust services through its banking offices located in Lee, Collier and Palm Beach County, Florida, Maricopa County, Arizona, and Berkeley County, South Carolina. It also has a trust department which offers investment management, trust administration, estate planning and financial planning services. Its personal banking services include certificates of deposits, checking accounts, saving accounts, money market accounts, health savings accounts, and individual retirement accounts. Its business lending services include mixed-use building, multifamily residential, business working capital, equipment purchase and lines of credit and letters of credit. Its financial planning services include asset protection and educational planning.