Perpetual announces operating results


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Perpetual Federal Savings Bank of Urbana (OTC Pink: “PFOH”) has reported fiscal third quarter net income of $1.3 million, or basic and diluted earnings per share of $0.54, for the quarter ended June 30, 2017, compared to net income of $1.3 million, or basic and diluted earnings per share of 53 cents for the quarter ended June 30, 2016. For the nine months ended June 30, 2017, the Savings Bank reported $3.9 million of net income, or $1.57 per share of basic and diluted earnings, compared to $3.8 million of net income, or $1.54 per share of basic and diluted earnings for the nine months ended June 30, 2016.

Total assets increased $5.2 million, or 1.3 percent, to $391.8 million at June 30, 2017, from $386.6 million at September 30, 2016. Total shareholders’ equity increased $1.6 million, or 2.3 percent, from $67.2 million at September 30, 2016, to $68.8 million at June 30, 2017, 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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Information submitted by Perpetual Federal Savings Bank.

Information submitted by Perpetual Federal Savings Bank.