Sunday, Jun 26, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Business

First Defiance reports 56% growth in profit

DEFIANCE -- First Defiance Financial Corp. reported a first-quarter profit Monday of $4.2 million, or 37 cents a share, a 56 percent increase from $2.7 million, or 25 cents a share, in the same period a year ago.

First Defiance, parent firm of First Federal Bank of the Midwest, said its provisions for loan losses increased to $3.5 million from $2.8 million a year ago. The company's net interest income remained unchanged at $17.2 million.

The company also declared a quarterly cash dividend of 5 cents a share, payable June 1 to shareholders of record May 15.

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 © 2015 Toledo Blade

To Top

Fetching stories…