Ballston Spa Bancorp, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 17, 2020 at 12:08 am
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Ballston Spa Bancorp, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced net interest income was USD 4.724 million compared to USD 4.617 million a year ago. Net income was USD 1.205 million compared to USD 1.153 million a year ago. Basic earnings per share was USD 1.62 compared to USD 1.55 a year ago.
Ballston Spa Bancorp, Inc. is a financial holding company. The Company operates, through its banking subsidiary, Ballston Spa National Bank (the Bank). The Bank is a community-based commercial bank and provides a range of banking, financing, fiduciary, brokerage and other financial services to corporate, municipal, and individual customers. The Bank offers checking accounts, savings and money market accounts, health savings account, certificates of deposits (CDs) and individual retirement accounts (IRAs), relationship banking, debit card, gift/travel card and perk programs. It also offers business checking accounts, commercial loans, small business loans, business credit cards, treasury management, and online and mobile banking. The Bank operates approximately 13 branches.