Lyons Bancorp, Inc. Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
For the year, the company reported net income available to shareholders of $7.2 million or $4.58 per diluted share, an increase of 2% from the prior year. Net interest income totaled $23.3 million, up 6% compared to last year, even as the company continued to experience compression of its net interest margin. Noninterest income increased 16% year over year, due primarily to increased service charges on deposit accounts, cardholder fees and financial services income.