FNBH Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016
FNBH Bancorp Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the third quarter, the company's interest income was $2,965,000 against $2,826,000 for the same period last year. Net interest income was $2,829,000 against $2,690,000 for the same period last year. Income before income taxes was $360,000 against $1,302,000 for the same period last year. Net income was $7,356,000 against $1,274,000 for the same period last year. Earnings per share, basic and diluted, were $0.26 against $0.05 for the same period last year. Tangible book value per share of $1.63 at year-end 2016 compared to $1.23 at year-end 2015
For the full year, the company's interest income was $12,167,000 against $10,301,000 for the same period last year. Net interest income was $11,634,000 against $9,751,000 for the same period last year. Income before income taxes was $4,888,000 against $3,468,000 for the same period last year. Net income was $11,940,000 against $3,406,000 for the same period last year. Earnings per share, basic and diluted, were $0.43 against $0.12 for the same period last year.