Oak Ridge Financial Services, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 07:51 pm EDT
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Oak Ridge Financial Services, 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 5.63 million compared to USD 5.59 million a year ago. Net income was USD 1.5 million compared to USD 1.61 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to USD 0.59 a year ago.
For the nine months, net interest income was USD 16.37 million compared to USD 16.21 million a year ago. Net income was USD 4.26 million compared to USD 4.97 million a year ago. Basic earnings per share from continuing operations was USD 1.56 compared to USD 1.84 a year ago.
Oak Ridge Financial Services, Inc. is a bank holding company for Oak Ridge Financial Corporation (the Bank). The principal activity of the Company is ownership of the Bank. The Bank provides financial services through its branch network located in Guilford County, North Carolina. The Companyâs customers are principally located in Guilford County, North Carolina, and adjoining counties.