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…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -