Croghan Bancshares, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 14, 2022
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Croghan Bancshares, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net interest income was USD 9.86 million compared to USD 10.01 million a year ago. Net income was USD 3.77 million compared to USD 4.16 million a year ago.
For the nine months, net interest income was USD 27.84 million compared to USD 28.76 million a year ago. Net income was USD 10.45 million compared to USD 11.8 million a year ago. Basic earnings per share from continuing operations was USD 4.77 compared to USD 5.31 a year ago.
Croghan Bancshares, Inc. is the holding company of The Croghan Colonial Bank (the Bank). The Bank offers various services, such as personal banking, business banking and lending services. Its personal banking services include deposit accounts, savings options, digital services and credit & debit cards. It offers Gen$pend, E-Z Checking, classic checking, interest checking and overdraft protection. Its business banking services include business online banking, business mobile banking, business bill pay, merchant services, remote deposit capture, business Croghan alerts, business e-statements, business mobile deposit, business debit, credit cards and others. Its lending services include personal lending, business lending and mortgage lending. It offers a diverse range of commercial and retail banking services through its 19 banking centers located in Bellevue, Clyde, Curtice, Fremont, Green Springs, Monroeville, Norwalk, Maumee, Milan, Oak Harbor, Oregon, Port Clinton, and Tiffin, Ohio.