Oak Ridge Financial Services, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 31, 2023 at 05:56 pm
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Oak Ridge Financial Services, 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 5.39 million compared to USD 5.19 million a year ago. Net income was USD 1.49 million compared to USD 1.7 million a year ago. Basic earnings per share from continuing operations was USD 0.54 compared to USD 0.63 a year ago.
For the six months, net interest income was USD 10.75 million compared to USD 10.62 million a year ago. Net income was USD 2.77 million compared to USD 3.37 million a year ago. Basic earnings per share from continuing operations was USD 1.02 compared to USD 1.25 a year ago.
Oak Ridge Financial Services, Inc. is a bank holding company for Oak Ridge Financial Corporation (the Bank). The principal activity of the Company is ownership of the Bank. The Bank provides financial services through its branch network located in Guilford County, North Carolina. The Companyâs customers are principally located in Guilford County, North Carolina, and adjoining counties.