Oak Ridge Financial Services, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 03, 2021 at 12:39 pm EST
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Oak Ridge Financial Services, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the year, the company announced net interest income was USD 17.602 million compared to USD 16.300 million a year ago. Net income was USD 3.259 million compared to USD 4.250 million a year ago. Basic earnings per share from continuing operations was USD 1.23 compared to USD 1.62 a year ago. For the quarter, Net interest income was USD 4.680 million compared to USD 4.048 million a year ago. Net income was USD 1.010 million compared to USD 1.030 million a year ago. Basic earnings per share from continuing operations was USD 0.38 compared to USD 0.39 a year ago.
Oak Ridge Financial Services, Inc. is a bank holding company for Oak Ridge Financial Corporation (the Bank). The principal activity of the Company is ownership of the Bank. The Bank provides financial services through its branch network located in Guilford County, North Carolina. The Companyâs customers are principally located in Guilford County, North Carolina, and adjoining counties.
OAK RIDGE FINANCIAL SERVICES, INC. 
