Choice Bancorp, Inc. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016
Choice Bancorp, Inc. reported consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the period, the company reported interest income of $3,249,000 compared to $2,709,000 a year ago. Net interest income was $2,424,000 compared to $2,110,000 a year ago. Net income was $798,000 or $0.36 per share against $640,000 or $0.31 per share a year ago. The company's book value per share increased from $12.73 to $12.80 during the quarter.
For the nine months, the company reported interest income was $9,206,000 compared to $7,876,000 a year ago. Net interest income was $6,909,000 compared to $6,185,000 a year ago. Net income was $2,299,000 or $1.03 per share against $1,919,000 or $0.94 per share a year ago.