Elmer Bancorp, Inc. Announces Third Quarter 2024 Financial Results
ELMER BANCORP INC (ELMA)
NASDAQ:AMEX Investor Relations:
otcmarkets.com/stock/elma/profile
Company Research
Source: Business Wire
ELMER, N.J.--(BUSINESS WIRE)--ELMER BANCORP, INC. (“Elmer Bancorp” or the “Company”) (OTC Pink: ELMA), the parent company of The First National Bank of Elmer (the “Bank”), announces its operating results for the three and nine months ended September 30, 2024.For the three months ended September 30, 2024, Elmer Bancorp reported net income of $712,000, or $0.62 per average diluted common share, compared to $771,000, or $0.67 per average diluted common share for the three months ended September 30, 2023. For the nine months ended September 30, 2024, net income totaled $2.136 million or $1.87 per average diluted common share compared to $2.544 million, or $2.21 per average diluted common share for the nine months ended September 30, 2023.Net interest income for the three months ended September 30, 2024 totaled $3.645 million, a decrease of $43,000 from $3.688 million in the third quarter of 2023. This decrease in net interest income is the result of higher interest paid on deposits pa
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