Elmira Savings Bank Reports Un-Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015
For the year, the company reported total interest and dividend income of $20.7 million compared to $20.3 million, net interest income of $15.6 million compared to $15.4 million, income before income taxes of $5.8 million compared to $5.3 million and net income attributable to the common shareholders of $3.2 million or $1.17 per diluted share compared to $2.8 million or $0.99 per diluted share for the last year. Return on average assets (annualized) was 0.73% compared to 0.70% and return on average equity (annualized) was 7.43% compared to 6.60% for the last year. The current level of shareholders' equity equates to a book value per share of $16.53 at December 31, 2015, compared to $16.91 at December 31, 2014.