Emclaire Financial Corp Reports Earnings for Second Quarter 2021
EMLENTON, Pa., July 23, 2021 (GLOBE NEWSWIRE) -- Emclaire Financial Corp (NASDAQ:EMCF), the parent holding company of The Farmers National Bank of Emlenton, reported consolidated net income available to common stockholders of $1.8 million, or $0.67 per diluted common share, for the three months ended June 30, 2021, an increase of $636,000, or 52.9%, from $1.2 million, or $0.44 per diluted common share, reported for the comparable period in 2020. Net income available to common shareholders for the six-month period ended June 30, 2021 was $4.0 million, or $1.46 per diluted common share, an increase of $1.6 million, or 67.7%, from $2.4 million, or $0.88 per diluted common share, for the same period in 2020. The increase in net income for both periods compared to the same periods in 2020 resulted from an increase in net interest income and a decrease in the provision for loan losses, partially offset by a decrease in noninterest income and increases in noninterest expense and the provision for income taxes.
Emclaire Financial Corp Reports Earnings for Second Quarter 2021
EMLENTON, Pa., July 23, 2021 (GLOBE NEWSWIRE) -- Emclaire Financial Corp (NASDAQ:EMCF), the parent holding company of The Farmers National Bank of Emlenton, reported consolidated net income available to common stockholders of $1.8 million, or $0.67 per diluted common share, for the three months ended June 30, 2021, an increase of $636,000, or 52.9%, from $1.2 million, or $0.44 per diluted common share, reported for the comparable period in 2020. Net income available to common shareholders for the six-month period ended June 30, 2021 was $4.0 million, or $1.46 per diluted common share, an increase of $1.6 million, or 67.7%, from $2.4 million, or $0.88 per diluted common share, for the same period in 2020. The increase in net income for both periods compared to the same periods in 2020 resulted from an increase in net interest income and a decrease in the provision for loan losses, partially offset by a decrease in noninterest income and increases in noninterest expense and the provision for income taxes.