The Journal Gazette

Home Search
jgmobile.net

Peoples Bancorp earnings down 19% for fiscal year

Peoples Bancorp on Friday posted fiscal 2012 earnings of $3.04 million, or $1.26 per diluted share, a 19 percent decline from the $3.77 million, or $1.52 a share, for fiscal 2011.

The Auburn-based parent of Peoples Federal Saving Bank ended its fiscal year on Sept. 30.

Maurice Winkler III, Peoples Bancorp president, found some positives in the report, which was the first in several years that didn’t include an earnings increase.

“Loan balances have stabilized and have even increased slightly. Deposit balances continue to grow,” he said in a statement.

Copyright © 2014, www.jgmobile.net