DNB Financial Corporation (DNBF: Quote) reported fourth-quarter net income available to common shareholders of $1.3 million or $0.47 per share, up from $1.2 million from $0.43 per share in the same period last year.
Net interest income for the latest fourth quarter declined to $5.3 million from $5.4 million in the comparable quarter last year, while net interest margin decreased to 3.55 percent from last year’s 3.74 percent.
Meanwhile, non-interest income for the quarter rose to $1.2 million from $865 thousand last year.
Also, provision for credit losses increased to $180 thousand from $202 thousand in the same period last year.
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by RTT Staff Writer
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