Sunday, May 27, 2018
One of America's Great Newspapers ~ Toledo, Ohio


Rurban Financial’s 2012 earnings jump 189%

DEFIANCE — Bolstered by a strong fourth quarter, Rurban Financial Corp. said Wednesday it had a $4.8 million profit, or 99 cents per share, in fiscal 2012, an increase of 189 percent from 2011, when its profits were $1.7 million, or 34 cents per share.

The financial institution, which is the parent company of the State Bank and Trust Co., said its net interest income, a key statistic for banks, was $20.7 million in 2012, unchanged from 2011.

Its provisions for loan losses for the year were just $1.4 million, down from $2 million in 2011, and was a reflection of the company’s efforts to clean up its loan portfolio.

For the fourth quarter, Rurban had a profit of $1.5 million, or 31 cents per share, up from $972,000, or 20 cents per share, in the fourth quarter of 2011.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…