Aquesta Financial Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015
For the year, the company announced that net income was $2.0 million or 78 cents per share compared to $1.7 million or 67 cents per share for the twelve months ended December 31, 2014. Net interest income was $9,800,000 compared to $8,762,000 for the same period a year ago. Income before income taxes was $3,043,000 compared to $2,662,000 for the same period a year ago. Return on average assets was 0.71% against 0.69% a year ago. Return on average equity was 8.59% against 7.79% a year ago. Book value per share was $9.26 compared to $8.88 for the same period a year ago. Tangible book value per share was $8.59 compared to $8.16 for the same period a year ago.