Newport Bancorp profit declines 12.4% in 2Q

NEWPORT – Newport Bancorp Inc., the holding company for Newport Federal Savings Co., on Friday posted $439,000 in net income for the second quarter, down 12.4 percent from the $501,000 report a year earlier. Despite the drop in profits, earnings per diluted share of 13 cents still beat the 10-cent forecast of the one analyst…

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