Fentura Financial, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 28, 2023 at 04:31 pm
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Fentura Financial, 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 13.08 million compared to USD 12.63 million a year ago. Net income was USD 3.23 million compared to USD 3.48 million a year ago. Diluted earnings per share from continuing operations was USD 0.73 compared to USD 0.79 a year ago.
For the six months, net interest income was USD 26.43 million compared to USD 24.33 million a year ago. Net income was USD 7.07 million compared to USD 6.56 million a year ago. Diluted earnings per share from continuing operations was USD 1.6 compared to USD 1.48 a year ago.
Fentura Financial, Inc. is a financial services company. The Company operates through its subsidiary, the State Bank. The State Bank is a full-service community bank, which offers a range of banking services to individuals, small business and government entities. The State Bankâs commercial department provides a range of products including lines of credit, term loans, mortgages, small business administration loans and a range of cash management products. The retail department offers personal checking, savings, time and individual retirement account deposit accounts and an array of loan products including home equity, auto and personal loans. The residential loan department offers construction, purchase and refinance residential mortgage loans. The wealth management department offers a full-service suite of trust and portfolio management services. It operates approximately 20 service branches serving Bay, Genesee, Ingham, Jackson, Livingston, Oakland, Saginaw, and Shiawassee counties.