Jeffersonville Bancorp Announces Fourth Quarter Earnings of $2,803,000 or $0.66 per share and Year to Date Earnings of $9,304,000 or $2.20 per share; Declares Dividend of $0.15
JEFFERSONVILLE, N.Y., Feb. 14, 2023 (GLOBE NEWSWIRE) — Jeffersonville Bancorp, Inc. (OTCQB – JFBC) announced today fourth quarter net income of $2,803,000 or $0.66 per share compared to $1,442,000 or $0.34 per share for the same quarter in 2021. The increase in quarterly net income compared to 2021 of $1,361,000 was primarily attributable to an increase in loan interest and fees of $944,000, other interest and dividends of $723,000, and securities income of $671,000, partially offset by a decrease in net gain on sale of securities of $514,000, an increase in tax expense of $415,000, and an increase in non-interest expense of $139,000.
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