Cornerstone Community Bancorp Reports Financial Results For the Second Quarter Ended June 30, 2024
CORNERSTONE COMUTY BANCRP (CRSB)
NASDAQ:AMEX Investor Relations:
bankcornerstone.com/about-us/shareholder-information.html
Company Research
Source: Business Wire
RED BLUFF, Calif.--(BUSINESS WIRE)--Cornerstone Community Bancorp (OTC Pink: CRSB) announced today its financial results for the second quarter ended June 30, 2024.The Company reported net income of $1,443,000 for the three months ended June 30, 2024 compared to net income of $1,864,000 for the same period last year. Diluted earnings per share were $0.94 for the three months ended June 30, 2024 compared to $1.22 for the same period last year.The return on average assets for the three months ended June 30, 2024 was 0.86% and the return on average equity was 12.86%. The tax-equivalent net interest margin was 3.21% for the three months ended June 30, 2024 compared to 3.73% for the same period last year.For the six months ended June 30, 2024, the Company reported net income of $2,837,000 compared to net income of $3,559,000 for the same period last year. Diluted earnings per share were $1.85 for the six months ended June 30, 2024 compared to $2.34 for the same period last year.The ret
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