Savi Financial Corporation, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended Dec. 31, 2018; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2018
For the year, the company reported net interest income of $9,697,000 compared to $8,163,000 a year ago. Net income was $2,240,000 or $0.52 per diluted share compared to $27,000 or $0.01 per diluted share a year ago.
Net charge-offs were $4,000 in the fourth quarter of 2018, compared to $51,000 in the fourth quarter a year ago and $6,000 in the preceding quarter.