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01.05.2018 01:16:00

Athens Bancshares Corporation Reports Financial Results For The Quarter Ended March 31, 2018

Athens Bancshares Corporation Reports Financial Results For The Quarter Ended March 31, 2018PR NewswireATHENS, Tenn., April 30, 2018ATHENS, Tenn., April 30, 2018 /PRNewswire/ -- Athens Bancshares Corporation (OTC QX: AFCB) (the "Company"), the holding company for Athens Federal Community Bank, National Association (the "Bank"), today announced its results of operations for the three months ended March 31, 2018.  The Company's net income for the three months ended March 31, 2018 was $1.5 million or $0.83 per diluted share, compared to net income of $1.0 million or $0.57 per diluted share for the same period in 2017.  Total assets increased $17.5 million to $482.3 million at March 31, 2018, compared to $464.8 million at December 31, 2017.  The Bank was considered well-capitalized under applicable federal regulatory capital guidelines at March 31, 2018.This release may contain forward-looking statements within the meaning of the federal securities laws.  These statements are not historical facts; rather, they are statements based on the Company's current expectations regarding its business strategies and their intended results and its future performance.  Forward-looking statements are preceded by terms such as "expects", "believes", "anticipates", "intends" and similar expressions.Forward-looking statements are not guarantees of future performance.  Numerous risks and uncertainties could cause or contribute to the Company's actual results, performance and achievements to be materially different from those expressed or implied by the forward-looking statements.  Factors that may cause or contribute to these differences include, without limitation, general economic conditions, including changes in market interest rates and changes in monetary and fiscal policies of the federal government; legislative and regulatory changes.Because of the risks and uncertainties inherent in forward-looking statements, readers are cautioned not to place undue reliance on them, whether included in this report or made elsewhere from time to time by the Company or on its behalf.  Except as may be required by applicable law or regulation, the Company assumes no obligation to update any forward-looking statements.ATHENS BANCSHARES CORPORATION AND SUBSIDIARYCONSOLIDATED FINANCIAL HIGHLIGHTS(Unaudited - Dollars in thousands, except per share amounts)THREE MONTHS ENDEDMarch 31,20182017Operating Data:Total interest and dividend income$    4,977$    4,199Total interest expense457486Net interest income4,5203,713Provision for loan losses26182Net interest income after provision for loan losses4,4943,531Full story available on Benzinga.com
Weiter zum vollständigen Artikel bei "Benzinga"