MSB Financial Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018
MSB Financial Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported total interest income was $5,429,000 against $4,293,000 a year ago. Net interest income was $4,302,000 against $3,595,000 a year ago. Income before income taxes was $1,429,000 against $870,000 a year ago. Net income was $1,022,000 or $0.19 per basic and diluted share against $549,000 or $0.10 per basic and diluted share a year ago. Return on average assets was 0.74% against 0.48% a year ago. Return on average equity was 5.65% against 2.97% a year ago. Book value for common share was $12.63 as of March 31, 2018 against $12.93 as of March 31, 2017. Interest income increased in the quarter ended March 31, 2018 compared to the comparable period in 2017, primarily due to a $100.9 million increase in average loan balances.