Peoples LTD Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2017
Peoples LTD announced consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported net income of $728,000, or $1.26 earnings per share, compared to first quarter 2016 net income in the amount of $743,000 or $1.29 per share as adjusted for the 5% stock dividend at year-end 2016. Return on assets was 0.89% as compared to 0.96% for the same period in 2016. Return on equity was 10.34% compared to the prior year-to-date of 10.85%.