Peoples Ltd. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2016
Peoples LTD announced consolidated earnings results for the first quarter ended March 31, 2016. The company reported consolidated net income year-to-date was $743,000, or $1.35 earnings per share, compared to first quarter 2015 net income in the amount of $720,000 or $1.31 per share as adjusted for the 5% stock dividend at year-end 2015. Year-to-date return on assets was 0.96% as of March 31, 2016 compared to 0.95% for the same period in 2015. Year-to-date return on equity was 10.85% as of March 31, 2016 compared to the prior year-to-date of 11.42%.