ENB Financial Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015
January 15, 2016 at 11:59 am EST
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ENB Financial Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, net interest income was $5,640,000 against $5,657,000 a year ago. Income before taxes was $2,450,000 against $2,265,000 a year ago. Net income was $1,995,000 against $1,802,000 a year ago. Basic and diluted earnings per share were $0.70 against $0.63 a year ago. Return on average assets was 0.90% against 0.83% a year ago. Return on average stockholders' equity was 8.36% against 7.78% a year ago.
For the year, net interest income was $23,098,000 against $22,461,000 a year ago. Income before taxes was $8,268,000 against $8,638,000 a year ago. Net income was $6,910,000 against $7,092,000 a year ago. Basic and diluted earnings per share were $2.42 against $2.48 a year ago. Return on average assets was 0.79% against 0.84% a year ago. Return on average stockholders' equity was 7.38% against 7.98% a year ago.
ENB Financial Corp is a bank holding company. The Companyâs subsidiary, Ephrata National Bank (the Bank), is a full-service commercial bank. It provides a range of financial services to individuals and small-to-medium-sized businesses in the market area. It offers a range of demand accounts, in addition to savings and time deposits. It also offers secured and unsecured commercial, real estate and consumer loans. Its ancillary services provide added convenience to customers, including direct deposit and direct payments of funds through Electronic Funds Transfer, Automatic Teller Machine linked to the NYCE network, telephone banking, MasterCard debit cards, Visa or MasterCard credit cards and safe deposit box facilities. It offers Internet banking, including bill pay and wire transfer capabilities, remote deposit capture, and an ENB Bank on the Go! app for iPhones or Android phones. It also offers a full complement of trust and investment advisory services through ENBâs Wealth Solutions.