RepublicBankAz, N.A. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Reports Net Charge-Offs for the Third Quarter
For the nine months, the company reported net interest income of $3,097,000 compared to $3,358,000 a year ago. Income before income taxes was $595,000 compared to $844,000 a year ago. Net income was $348,000 or $0.20 per share compared to $538,000 or $0.41 per share a year ago. Return on average shareholders' equity (annualized) was 4.02% compared to 6.74% a year ago. Return on average assets annualized was 0.54% compared to 0.80% a year ago.
Net charge-offs for the third quarter were $78,000.