Citizens First Corp (CZFC, Financial) filed Quarterly Report for the period ended 2011-09-30.
Citizens First Corp has a market cap of $13.3 million; its shares were traded at around $6.73 with a P/E ratio of 7.1 and P/S ratio of 0.7.
Stock options for 89,088 and 90,264 shares of common stock were not considered in computing diluted earnings per common share for September 30, 2011 and 2010, respectively, because they are anti-dilutive. Convertible preferred shares are not included because they are anti-dilutive as of September 30, 2011 and 2010. Common stock warrants totaled 254,218. 81,176 and 55,298 warrants were dilutive as of September 30, 2011 and 2010, respectively, and included in the diluted earnings per share computation.
The net interest margin for the three months ended September 30, 2011 was 4.11%, compared to 4.06% in 2010. This increase of five basis points is attributable to the decline in the average rate paid on interest-bearing liabilities of 41 basis points. Our yield on earning assets (tax equivalent) for the current quarter was 5.34%, a decrease of 30 basis points from 5.64% in the same period a year ago. The net interest margin for the nine months ended September 30, 2011 was 4.07%, compared to 4.06% for the nine months ended September 30, 2010.
The following table sets forth for the quarter and nine months ended September 30, 2011 and 2010, information regarding average balances of assets and liabilities as well as the total dollar amounts of interest income from average interest-earning assets and interest expense on average interest-bearing liabilities and average yields and costs. Such yields and costs for the periods indicated are derived by dividing income or expense by the average balances of assets or liabilities, respectively, for the periods presented.
Read the The complete Report
Citizens First Corp has a market cap of $13.3 million; its shares were traded at around $6.73 with a P/E ratio of 7.1 and P/S ratio of 0.7.
Highlight of Business Operations:
Basic earnings per share have been computed by dividing net income available for common shareholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per share have been computed the same as basic earnings per share, and assumes the conversion of outstanding vested stock options and convertible preferred stock if dilutive. The following table reconciles the basic and diluted earnings per share computations for the quarters and nine months ending September 30, 2011 and 2010.Stock options for 89,088 and 90,264 shares of common stock were not considered in computing diluted earnings per common share for September 30, 2011 and 2010, respectively, because they are anti-dilutive. Convertible preferred shares are not included because they are anti-dilutive as of September 30, 2011 and 2010. Common stock warrants totaled 254,218. 81,176 and 55,298 warrants were dilutive as of September 30, 2011 and 2010, respectively, and included in the diluted earnings per share computation.
The net interest margin for the three months ended September 30, 2011 was 4.11%, compared to 4.06% in 2010. This increase of five basis points is attributable to the decline in the average rate paid on interest-bearing liabilities of 41 basis points. Our yield on earning assets (tax equivalent) for the current quarter was 5.34%, a decrease of 30 basis points from 5.64% in the same period a year ago. The net interest margin for the nine months ended September 30, 2011 was 4.07%, compared to 4.06% for the nine months ended September 30, 2010.
The following table sets forth for the quarter and nine months ended September 30, 2011 and 2010, information regarding average balances of assets and liabilities as well as the total dollar amounts of interest income from average interest-earning assets and interest expense on average interest-bearing liabilities and average yields and costs. Such yields and costs for the periods indicated are derived by dividing income or expense by the average balances of assets or liabilities, respectively, for the periods presented.
Read the The complete Report
