Citizens Holding Company (CIZN) has reported 5.83 percent fall in profit for the quarter ended Mar. 31, 2017. The company has earned $1.44 million, or $0.29 a share in the quarter, compared with $1.53 million, or $0.31 a share for the same period last year.
Revenue during the quarter went up marginally by 2.11 percent to $8.75 million from $8.57 million in the previous year period. Net interest income for the quarter dropped 2.19 percent over the prior year period to $6.66 million. Non-interest income for the quarter rose 6.50 percent over the last year period to $1.93 million.
Citizens Holding Company has made negative provision of $0.15 million for loan losses during the quarter, compared with a positive provision of $0.06 million in the same period last year.
Net interest margin was at 3.03 percent in the quarter.
Return on average assets was at 0.58 percent in the quarter. At the same time, return on average equity was at 6.67 percent in the quarter.
Book value per share was $18.10 for the quarter.
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