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Monday, July 28, 2014
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Published: Monday, 10/28/2013

BUSINESS BRIEF

First Defiance posts 
$5.5M profit for quarter

BLADE STAFF

DEFIANCE — First Defiance Financial Corp. on Monday reported a third-quarter profit of $5.5 million, or 54 cents a share, up slightly from the same period a year ago when the financial institution reported a $5.4 million profit, also 54 cents a share.

The company, which owns First Federal Bank of the Midwest and an insurance firm, said its quarterly net interest income, a key measure of a bank’s financial condition, was $17.2 million, the same as a year ago. First Defiance added that its quarterly provision for loan losses totaled $476,000, compared to $705,000 for the same period a year ago.

The firm’s stock on the Nasdaq,closed at $26.54 a share Monday, up 21 cents.



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