Kish Bancorp, Inc. Announces Unaudited Financial Results for the First Quarter Ended March 31, 2016; Declares Quarterly Dividend, Payable on April 30, 2016
April 28, 2016
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Kish Bancorp, Inc. announced unaudited financial results for the first quarter ended March 31, 2016. Net income for the quarter was $1.06 million, which was down 6.58% from $1.13 million in 2015. The decline reflects a one-time special dividend received from the Federal Home Loan Bank of Pittsburgh that was received in the first quarter of 2015. Hayes noted that after the impact of the one-time special dividend is removed, net income for the quarter grew by 4.04%. The net interest margin at the end of March 2016 was 3.26%, compared to 3.36% for the same period in 2015. Net interest income rose to $4.95 million, an increase of $133,000, or 2.76%, from $4.81 million the prior year.
The board of directors declared a quarterly dividend in the amount of $0.43 per share, payable April 30, 2016 to shareholders of record as of April 15, 2016.
Kish Bancorp, Inc. is a diversified financial service company. Kish Bank, a subsidiary of the Company, operates approximately 18 offices and financial centers serving Centre, Mifflin, Huntingdon, Blair, and Juniata counties, and northeastern Ohio. In addition to Kish Bank, other business units include Kish Insurance, an independent property and casualty insurance agency; Kish Financial Solutions, which offers trust, fiduciary, and wealth management advisory services; Kish Benefits Consulting, which provides employee benefits consulting services; and Kish Travel, a full-service travel agency. Its personal services include personal banking, personal loans and credit, wealth management, insurance and travel. It also provides business banking, business loans and credit, business financial solutions, commercial insurance and benefits consulting. Its personal banking solutions include personal checking accounts, personal savings accounts, cards and digital tools.
Kish Bancorp, Inc. Announces Unaudited Financial Results for the First Quarter Ended March 31, 2016; Declares Quarterly Dividend, Payable on April 30, 2016
KISH BANCORP, INC. 
