Blueharbor Bank Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016
BlueHarbor Bank announced earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported interest income of $1,655,559 compared with $1,467,197 for the same period a year ago. Net interest income was $1,493,636 compared with $1,321,376 for the same period a year ago. Net income before taxes was $651,582 compared with $414,211 for the same period a year ago. Net income was $383,632 or $0.13 per diluted share compared with $261,213 or $0.09 per diluted share for the same period a year ago.
For the year, the company reported interest income of $6,284,222 compared with $5,713,017 for the same period a year ago. Net interest income was $5,680,242 compared with $5,187,623 for the same period a year ago. Net income before taxes was $1,945,272 compared with $1,459,561 for the same period a year ago. Net income was $1,227,567 or $0.45 per diluted share compared with $925,207 or $0.33 per diluted share for the same period a year ago.