Revere Bank reported unaudited earnings results for the third quarter and nine months ended September 30, 2016. For the nine months, the company reported net interest income of $30,866,000 against $20,839,000 a year ago. Net income was $6,169,000 against $4,557,000 a year ago. Pretax net income was $10,489,000 against $7,502,000 a year ago. Earnings per share - diluted were $0.93 against $0.88 a year ago. Tangible book value per share as at September 30, 2016 was $15.02 against $13.45 a year ago. Return on average assets (annualized) was 0.73% against 0.84% a year ago. Return on average equity (annualized) was 8.93% against 9.55% a year ago.

For the quarter, the company reported net interest income of $11,513,000 against $7,309,000 a year ago. Pretax net income was $4,305,000 against $2,661,000 a year ago. Net income was $2,609,000 against $1,616,000 a year ago. Earnings per share - diluted were $0.37 against $0.29 a year ago. Return on average assets (annualized) was 0.82% against 0.84% a year ago. Return on average equity (annualized) was 10.28% against 8.98% a year ago.

The company reported charge-offs during the third quarter of 2016 were $135,000.