Revere Bank Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Reports Net Charge-Offs for the Quarter Ended December 31, 2018
For the year, the company reported net interest income of $82,842,000 against $71,855,000 a year ago. Net income was $27,627,000 against $16,271,000 a year ago. EPS were $2.62 against $1.67 a year ago. Diluted EPS were $2.52 against $1.59 a year ago.
For the quarter ended December 31, 2018, the Bank reported $147,000 in net charge-offs compared to net charge-offs of $265,000 during 2017.