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First Defiance posts 1Q profit

DEFIANCE, Ohio (AP) _ First Defiance Financial Corp. (FDEF) on Monday reported first-quarter net income of $5.1 million.

On a per-share basis, the Defiance, Ohio-based company said it had net income of 54 cents. Earnings, adjusted for costs related to mergers and acquisitions, were 81 cents per share.

The holding company for First Federal Bank of the Midwest posted revenue of $34.6 million in the period. Its adjusted revenue was $32.2 million.

First Defiance shares have climbed slightly more than 3 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $52.49, a rise of 35 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FDEF at https://www.zacks.com/ap/FDEF


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