JEFFERSONVILLE, N.Y., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Jeffersonville Bancorp, Inc. (OTCQB - JFBC) announced today second quarter net income of $3,290,000 or $0.78 per share compared to $3,031,000 or $0.72 per share for the same quarter in 2024. The increase in quarterly net income compared to 2024 of $259,000 was primarily attributable to a decrease in interest expense of $589,000, an increase in loan interest and fees of $533,000, and a decrease in non-interest expense of $172,000. The increase was partially offset by a decrease in securities and other interest income of $525,000, a decrease in non-interest income of $432,000 attributable to Bank Owned Life Insurance proceeds of $453,000 received in the same period in 2024, an increase in tax expense of $52,000, and an increase in provision for credit losses of $26,000.
Related Questions
How will the $0.15 dividend declaration affect the stock’s yield and investor demand?
What is the expected impact of the decreased interest expense and increased loan interest on future profitability?
How does the Q2 net income growth compare to peer regional banks in the same sector?
What are the drivers behind the decline in securities and other interest income, and are they expected to continue?
How sustainable is the earnings growth given the reliance on non‑interest income such as Bank Owned Life Insurance proceeds?
What guidance is management providing for Q3 and Q4 earnings, especially regarding loan growth and expense trends?
Will the company’s balance sheet remain strong enough to support future dividend payments and potential share repurchases?
How might the tax expense increase affect net margins if the trend continues?
What macroeconomic factors could influence the bank’s loan portfolio performance and credit loss provisions in the coming quarters?
Is the increase in provision for credit losses a signal of deteriorating credit quality or a one‑off adjustment?