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Follow on Google News | Business Bancshares, Inc. and The Business Bank of St. Louis Announce Third Quarter 2014 EarningsSt. Louis bank recently announces third quarter 2014 financial results
By: Business Bancshares Business Bancshares, Inc. reported net income of $952 thousand for the third quarter of 2014 compared to net income of $1.038 million for the same time period a year ago. Earnings per common share totaled $0.34. Year-to-date net income available to common shareholders increased to $2.790 million from $2.775 million a year ago. The Company reported total assets as of June 30, 2014 of $544 million compared to $518 million a year ago. Net loans increased $9 million during the same period. Total deposits increased $25 million to $468 million. Total shareholders’ “We are proud to report another significant reduction of nonperforming assets coupled with growth in loans and deposits. We continue to execute on our plans laid out several years ago and are poised to finish 2014 strong,” said Larry Kirby, Chief Executive Officer and president of Business Bancshares Inc. and The Business Bank of St. Louis. The Business Bank of St. Louis, the primary subsidiary of Business Bancshares, Inc., reported net income for the third quarter of 2014 of $1.048 million compared to $1.198 million during the third quarter of 2013. Year-to- Business Bancshares, Inc. is a single bank holding company and parent of The Business Bank of St. Louis. The Business Bank was founded in 2002 and operates a full service banking facility from its single location at 8000 Maryland Avenue in Clayton, Mo. For more information, contact Brian Leeker at (314) 721-8003 or visit their website at www.bbstl.com. End
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