Perpetual Federal Savings Bank of Urbana (OTC Pink: “PFOH”) has announced a reported fiscal fourth quarter net income of $1.61 million, or basic and diluted earnings per share of 65 cents, for the quarter ended September 30, 2018, compared to net income of $1.25 million, or basic and diluted earnings per share of 51 cents for the quarter ended September 30, 2017. For the 12 months ended September 30, 2018, the Savings Bank reported $6.04 million of net income, or $2.44 per share of basic and diluted earnings, compared to $5.13 million of net income, or $2.08 per share of basic and diluted earnings for the twelve months ended September 30, 2017.

Total assets increased to $394.8 million at September 30, 2018. Total shareholders’ equity increased to $72.6 million at September 30, 2018, 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.