CIB Marine Swings To Profit In Q4

(RTTNews) - CIB Marine Bancshares, Inc. (CIBH), a Wisconsin corporation and registered bank, Friday announced profit for the fourth quarter compared to loss in the prior year.

The quarterly net income was $0.404 million compared to loss of $0.89 million in the previous year.

The earnings per share was $0.54 compared with loss of $0.67 in the prior year.

The net interest income increased to $5.14 million from $5.13 million in the last year. However, non-interest income decreased to $1.72 million from $1.82 million in the previous year's quarter.

The net interest margin increased to 2.44 percent from 2.41 percent in the previous quarter.

The loans decreased to 697.1 million from 722.1 million last year.

The deposits decreased to 692.4 million from 727.6 million

On Thursday, CIB Marine Bancshares had closed at 27.90%.