SBT Bancorp, Inc. Announces Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
For the nine months, the company reported total interest and dividend income of $9,318,000 against $9,144,000 a year ago. Net interest and dividend income was $8,714,000 against $8,485,000 a year ago. Income before income taxes was $1,230,000 against $385,000 a year ago. Net income available to common stockholders was $959,000 against $375,000 a year ago. Earnings per common share, assuming dilution were $1.08 against $0.42 a year ago. Return on average assets was 0.34% compared to 0.15% for the nine months ended September 30, 2014. Return on equity was 4.72% compared to 1.59% for the nine months ended September 30, 2014. Tangible book value per common share was $23.58 at September 30, 2015.