WVS Financial Corp. (WVFC) has reported a 29.48 percent rise in profit for the quarter ended Mar. 31, 2017. The company has earned $0.43 million, or $0.23 a share in the quarter, compared with $0.33 million, or $0.17 a share for the same period last year.
Revenue during the quarter grew 7.68 percent to $1.58 million from $1.47 million in the previous year period. Net interest income for the quarter rose 7.93 percent over the prior year period to $1.47 million. Non-interest income for the quarter fell 0.76 percent over the last year period to $0.13 million.
WVS Financial Corp. has made provision of $0.02 million for loan losses during the quarter, down 28.57 percent from $0.02 million in the same period last year.
Return on average assets was at 0.48 percent in the quarter. At the same time, return on average equity was at 5.29 percent in the quarter.
Tier-1 leverage ratio stood at 9.93 percent for the quarter. Book value per share was $16.78 for the quarter.
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