Merchants Bancshares (MBVT) Misses Q1 EPS by 3c
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Merchants Bancshares, Inc. Announces Dividend and First Quarter 2016 Results
April 28, 2016 4:06 PM EDTSOUTH BURLINGTON, Vt., April 28, 2016 /PRNewswire/ -- Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $3.49 million, or $0.51 per basic share and $0.50 per diluted share for the first quarter of 2016. Excluding merger costs and severance expense, net of tax, the Company's core net income was $3.82 million or $0.56 per basic share and $0.55 per diluted share. This compares to core net income of $3.94 million or $0.61 per basic and diluted share on a linked quarter basis.
The return on average assets was 0.71% for the three months ended March 31, 2016, compared to 0.78% for the... More
