Perpetual announces first quarter operating results


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Perpetual Federal Savings Bank of Urbana (OTC Pink: “PFOH”) on Jan. 27 reported fiscal first quarter net income of $1.3 million, or basic and diluted earnings per share of 52 cents, for the quarter ended Dec. 31, 2016, compared to net income of $1.2 million, or basic and diluted earnings per share of 48 cents for the quarter ended Dec. 31, 2015.

Total assets increased $4.3 million, or 1.1 percent, to $390.9 million at Dec. 31, 2016, from $386.6 million at Sept. 30, 2016. Total shareholders’ equity increased $744,000, or 1.1 percent, from $67.2 million at Sept. 30, 2016, to $67.9 million at Dec. 31, 2016, 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.

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Submitted by Perpetual Federal Savings Bank.

Submitted by Perpetual Federal Savings Bank.