California First National Bancorp (CFNB) has reported 55.87 percent jump in profit for the quarter ended Mar. 31, 2017. The company has earned $2.51 million, or $0.24 a share in the quarter, compared with $1.61 million, or $0.15 a share for the same period last year. Revenue during the quarter grew 28.30 percent to $7.08 million from $5.52 million in the previous year period. Net interest income for the quarter rose 1.59 percent over the prior year period to $5.30 million. Non-interest income for the quarter rose 257.34 percent over the last year period to $1.78 million.
Net interest margin contracted 6 basis points to 2.56 percent in the quarter from 2.62 percent in the last year period.
Investments stood at $98.72 million as on Mar. 31, 2017. Shareholders equity was at $193.59 million as on Mar. 31, 2017.
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