Fentura Financial, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 29, 2024 at 03:15 pm EST
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Fentura Financial, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 12.51 million compared to USD 14.14 million a year ago. Net income was USD 3.78 million compared to USD 4.36 million a year ago. Basic earnings per share from continuing operations was USD 0.85 compared to USD 0.99 a year ago.
For the full year, net interest income was USD 51.59 million compared to USD 52.45 million a year ago. Net income was USD 14.63 million compared to USD 14.93 million a year ago. Basic earnings per share from continuing operations was USD 3.3 compared to USD 3.38 a year ago.
Fentura Financial, Inc. is a financial services company. The Company operates through its subsidiary, the State Bank. The State Bank is a full-service community bank, which offers a range of banking services to individuals, small business and government entities. The State Bankâs commercial department provides a range of products including lines of credit, term loans, mortgages, small business administration loans and a range of cash management products. The retail department offers personal checking, savings, time and individual retirement account deposit accounts and an array of loan products including home equity, auto and personal loans. The residential loan department offers construction, purchase and refinance residential mortgage loans. The wealth management department offers a full-service suite of trust and portfolio management services. It operates approximately 20 service branches serving Bay, Genesee, Ingham, Jackson, Livingston, Oakland, Saginaw, and Shiawassee counties.