Friday, Jul 29, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Business

First Defiance profits up $1.4M from year ago

DEFIANCE — First Defiance Financial Corp. reported a first-quarter profit Monday of $5.6 million, or 55 cents per share, up 33 percent from $4.2 million, or 37 cents per share, for the same period a year ago.

First Defiance, the parent firm of First Federal Bank of the Midwest, said that its provisions for loan losses decreased to $425,000 from $3.5 million a year ago. The company’s net interest income, a key measure of a bank’s profitability, decreased to $16.5 million from $17.2 million a year ago.

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…