CIBM Bank parent company’s income is $1M during second quarter

Freeman Staff

July 12, 2017

WAUKESHA —On Wednesday, the holding company of CIBM Bank, CIB Marine Bancsharess, announced its net income for the second quarter was $1 million.

The basic earnings per share for the second quarter for the company were $0.06 and $0.03 diluted earnings per share. The net income for six months ending June 30 was $1.9 million, or $0.11 basic and $0.05 diluted earnings per share.

CIB Marine Bancsharess also reported that its return on average assets for the quarter was 0.65 percent and 0.6 percent for the first half of the fiscal year, compared to 0.8 percent and 0.73 percent for the same periods in 2016.

In addition, income for subsidiary CIBM Bank was $1.2 million for the quarter and $2.3 million for the six-month period ending June 30,  compared to  net income of $1.4 million and $2.1 million for the same periods of  2016.