Perpetual announces 1st quarter operating results


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Perpetual Federal Savings Bank of Urbana, Ohio (OTC Pink: “PFOH”) reported fiscal first quarter net income of $1.18 million, or basic and diluted earnings per share of $0.48, for the quarter ended December 31, 2020, compared to net income of $1.49 million, or basic and diluted earnings per share of $0.60 for the quarter ended December 31, 2019.

Total assets increased to $392.0 million at December 31, 2020. Total shareholders’ equity increased to $78.7 million at December 31, 2020, 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