Dacotah Banks, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 24, 2023
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Dacotah Banks, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 29.56 million compared to USD 28.46 million a year ago. Net income was USD 6.13 million compared to USD 10 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to USD 0.89 a year ago.
For the six months, net interest income was USD 57.58 million compared to USD 53.78 million a year ago. Net income was USD 12.31 million compared to USD 19.26 million a year ago. Basic earnings per share from continuing operations was USD 1.1 compared to USD 1.72 a year ago.
Dacotah Banks, Inc. is the holding company of Dacotah Bank, which provides a full range of banking services to individuals and businesses through its market locations in Aberdeen, Brookings, Clark, Lemmon, Mobridge, Rapid City, Sioux Falls, Sisseton, Watertown, and Webster, South Dakota, and Dickinson, Jamestown, Minot, Rolla, and Valley City, North Dakota, and Morris, Minnesota. It provides trust services to individuals and businesses. Its general insurance operations are conducted in 15 of the 34 locations. Its primary deposit products are demand deposits and certificates of deposit, and its primary lending products are commercial, agricultural, real estate mortgage, and consumer loans. Its business services include card solutions, mobile and online solutions, cash management solutions, money markets, business checking, business insurance and investment and wealth management. It also provides agriculture insurance, agriculture checking, and farm and ranch management.
DACOTAH BANKS, INC. 