Jeffersonville Bancorp Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 14, 2024 at 11:10 am EST
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Jeffersonville Bancorp 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 6.52 million compared to USD 7.03 million a year ago. Net income was USD 2.35 million compared to USD 2.8 million a year ago. Basic earnings per share from continuing operations was USD 0.56 compared to USD 0.66 a year ago.
For the full year, net interest income was USD 26.79 million compared to USD 23.35 million a year ago. Net income was USD 11.18 million compared to USD 9.3 million a year ago. Basic earnings per share from continuing operations was USD 2.64 compared to USD 2.2 a year ago.
Jeffersonville Bancorp is a bank holding company for Jeff Bank (the Bank). The Company's principal activity is the ownership of all outstanding shares of the Bankâs stock. It operates through community banking operations segment. The Bank is a commercial bank providing community banking services to individuals, small businesses, and local municipal governments primarily in Sullivan County, New York. The Bank maintains ten full-service branches in Sullivan and Orange County, New York located in Anawana Lake Road/Monticello, Eldred, Callicoon, Jeffersonville, Liberty, Livingston Manor, Monticello, Port Jervis, White Lake, and Wurtsboro.