Calvin B. Taylor Bankshares, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
December 07, 2023 at 09:00 am EST
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Calvin B. Taylor Bankshares, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 8.01 million compared to USD 7.16 million a year ago. Net income was USD 4.13 million compared to USD 3.71 million a year ago. Basic earnings per share from continuing operations was USD 1.5 compared to USD 1.34 a year ago. Diluted earnings per share from continuing operations was USD 1.5 compared to USD 1.34 a year ago.
For the nine months, net interest income was USD 22.84 million compared to USD 18.65 million a year ago. Net income was USD 10.75 million compared to USD 8.68 million a year ago. Basic earnings per share from continuing operations was USD 3.9 compared to USD 3.14 a year ago. Diluted earnings per share from continuing operations was USD 3.9 compared to USD 3.14 a year ago.
Calvin B. Taylor Bankshares, Inc. is the bank holding company for Calvin B. Taylor Banking Company of Berlin, Maryland (the Bank). The Bank is a full-service commercial bank which offers a range of loan, deposit, and ancillary banking services through both physical and digital delivery channels. The Bank's personal banking services include checking, savings, mortgages, additional loans, certificate of deposits, money market, digital banking, mobile deposits, and others. The Banks's business banking services include checking, savings, business loans, lines of credit, online banking, mobile banking, money market, IntraFi Network Deposits, and Health Savings Accounts, among others. The Bank also provides debit cards, electronic statements, bank by phone, and automatic teller machines (ATMs). The Company has 12 banking locations within the eastern coastal area of the Delmarva Peninsula including Worcester County, Maryland, Sussex County, Delaware and Accomack County, Virginia.