Dcb Financial Corporation (DCBF) swung to a net loss for the quarter ended Sep. 30, 2016. The company has made a net loss of $0.43 million in the quarter, against a net profit of $11.09 million in the last year period.
Revenue during the quarter grew 7.60 percent to $5.97 million from $5.55 million in the previous year period. Net interest income for the quarter rose 1.84 percent over the prior year period to $4.25 million. Non-interest income for the quarter rose 40.47 percent over the last year period to $1.72 million.
Efficiency ratio for the quarter deteriorated to 110.30 percent from 95 percent in the previous year period. A rise in efficiency ratio suggests a fall in profitability.
Investments stood at $95.68 million as on Sep. 30, 2016. Shareholders equity was at $59.39 million as on Sep. 30, 2016.
Return on assets was negative at 0.30 percent in the quarter against a positive 8.26 percent in the last year period. Return on equity was negative at 2.88 percent in the quarter against a positive 94.90 percent in the last year period.
Meanwhile, nonperforming assets to total assets was 0.39 percent in the quarter, up from 0.23 percent in the last year period.
Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: editor@irisindia.net
