Madison County Financial, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
October 14, 2019
Share
Madison County Financial, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced net interest income was USD 3.308 million compared to USD 3.172 million a year ago. Net income was USD 1.642 million compared to USD 1.477 million a year ago. Basic earnings per share from continuing operations was USD 0.64 compared to USD 0.56 a year ago. Diluted earnings per share from continuing operations was USD 0.62 compared to USD 0.54 a year ago. For the nine months, net interest income was USD 9.452 million compared to USD 9.467 million a year ago. Net income was USD 4.299 million compared to USD 4.294 million a year ago. Basic earnings per share from continuing operations was USD 1.66 compared to USD 1.62 a year ago. Diluted earnings per share from continuing operations was USD 1.61 compared to USD 1.56 a year ago.
Madison County Financial, Inc. is the holding company for Madison County Bank (the Bank). The Bank is engaged in providing a range of banking and financial services to individual and corporate customers in the areas surrounding Madison, Nebraska. The Bank offers a range of business and agriculture-specific banking and lending services to help local farmers and business owners manage their finances and grow their operations. Its agriculture and business services include online banking, mobile banking, checking, merchant services, commercial loans, agricultural loans and various other services. The Bank offers various loans, including real estate, agricultural and commercial non-real estate and consumer loans. Its agricultural real estate loans are comprised of loans for the purchase of farmland. Its agricultural non-real estate loans are comprised of seasonal operating lines to cash grain farmers to plant and harvest corn and soybeans, and term loans to fund the purchase of equipment.
MADISON COUNTY FINANCIAL, INC. 