Thursday, July 25, 2013
Farmers 2Q report
canfield
Farmers National Bank on Wednesday reported a second-quarter profit of $1.9 million, or 10 cents per share.
That’s down from $2.3 million, or 12 cents per share, during the same time in 2012.
“Although net income decreased in the current quarter compared to the same quarter last year, we are encouraged by the 14.3 percent improvement in noninterest income, which is consistent with our strategy to diversify revenue streams and increase fee income,” said President and Chief Executive Officer John S. Gulas.
New-home sales up
WASHINGTON
Americans snapped up new homes in June at the fastest pace in five years, a sign the housing recovery is strengthening.
Sales of newly built homes rose 8.3 percent last month to a seasonally adjusted annual rate of 497,000, the Commerce Department said Wednesday. That’s the highest since May 2008 and up from an annual rate of 459,000 in May, which was revised lower.
Vindicator staff/wire reports