Bankers Trust reports 12 percent year-to-date earnings gain
BUSINESS RECORD STAFF Oct 15, 2015 | 8:30 pm
1 min read time
169 wordsAll Latest News, Banking and FinanceBankers Trust Co. earned $27.8 million through the third quarter, a 12 percent increase from the same nine-month period last year, according to a release.
Third-quarter earnings were up 5 percent to $9.4 million.
The bank continued its march to a goal of growing to $5 billion in assets by 2020. As of Sept. 30, assets were $3.9 billion, a $413 million increase from last year.
Deposits at the end of September were $2.9 billion, a $338 million increase from a year earlier, and loans were at $2.92 billion as of the end of September, an increase of $338 million from Sept. 30, 2014.
“One factor that contributed to this success was a record number of new checking accounts opened,” Tim Kintner, executive vice president of consumer, private and regional banking markets, said in the release.
Loan volume increased $278 million for a year ago.
“Asset quality remained exceptionally strong, and net interest margin was steady,” Don Coffin, executive vice president and chief lending officer, said in the release.
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