Perpetual Federal Savings Bank of Urbana, Ohio (OTC Pink: “PFOH”) on Tuesday reported fiscal first quarter net income of $1.49 million, or basic and diluted earnings per share of $0.60, for the quarter ended December 31, 2019, compared to net income of $1.57 million, or basic and diluted earnings per share of $0.63 for the quarter ended December 31, 2018.

Total assets increased to $395.2 million at December 31, 2019. Total shareholders’ equity increased to $76.6 million at December 31, 2019, due to net income less dividends paid. The Savings Bank’s capital ratios remain in excess of those required to be considered well-capitalized under U.S. banking regulations.