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Salisbury Bancorp: 4Q Earnings Snapshot

LAKEVILLE, Conn. (AP) _ Salisbury Bancorp Inc. (SAL) on Friday reported fourth-quarter profit of $2.6 million.

The Lakeville, Connecticut-based bank said it had earnings of 91 cents per share. Earnings, adjusted for non-recurring gains, were 79 cents per share.

The bank holding company posted revenue of $13.6 million in the period. Its revenue net of interest expense was $11.4 million, exceeding Street forecasts.

For the year, the company reported profit of $8.7 million, or $3.13 per share. Revenue was reported as $42.1 million.

Salisbury Bancorp shares have climbed 8.5 percent since the beginning of the year. The stock has declined 15 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 SAL at https://www.zacks.com/ap/SAL