Oak Ridge Financial Services, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 02, 2020 at 05:35 pm EST
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Oak Ridge Financial Services, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced net interest income was USD 4.500 million compared to USD 4.178 million a year ago. Net income was USD 876,000 compared to USD 1.218 million a year ago. Basic earnings per share from continuing operations was USD 0.33 compared to USD 0.46 a year ago. For the nine months, net interest income was USD 12.922 million compared to USD 12.253 million a year ago. Net income was USD 2.249 million compared to USD 3.220 million a year ago. Basic earnings per share from continuing operations was USD 0.85 compared to USD 1.23 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. 
