Citizens First Corp (CZFC, Financial) filed Quarterly Report for the period ended 2012-06-30.
Citizens First Corp. has a market cap of $17.1 million; its shares were traded at around $8.65 with a P/E ratio of 9.8 and P/S ratio of 0.8.
The net interest margin for the three months ended June 30, 2012 was 4.06%, compared to 4.01% in 2011. This increase of five basis points is attributable to the decline in the average rate paid on interest-bearing liabilities of 44 basis points, mainly offset by a decline in the yield on earning assets of 29 points. Our yield on earning assets (tax equivalent) for the current quarter was 5.03%, a decrease of 29 basis points from 5.32% in the same period a year ago. The net interest margin for the six months ended June 30, 2012 was 4.12%, an increase of six basis points from 4.06% in the previous year.
The following table sets forth for the quarter and six months ended June 30, 2012 and 2011, 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.
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Citizens First Corp. has a market cap of $17.1 million; its shares were traded at around $8.65 with a P/E ratio of 9.8 and P/S ratio of 0.8.
Highlight of Business Operations:
Stock options for 86,961 and 90,664 shares of common stock were not considered in computing diluted earnings per common share for June 30, 2012 and 2011, respectively, because they are anti-dilutive. Convertible preferred shares are not included because they are anti-dilutive as of June 30, 2012 and 2011. Common stock warrants totaled 254,218 as of June 30, 2012 and 2011.The net interest margin for the three months ended June 30, 2012 was 4.06%, compared to 4.01% in 2011. This increase of five basis points is attributable to the decline in the average rate paid on interest-bearing liabilities of 44 basis points, mainly offset by a decline in the yield on earning assets of 29 points. Our yield on earning assets (tax equivalent) for the current quarter was 5.03%, a decrease of 29 basis points from 5.32% in the same period a year ago. The net interest margin for the six months ended June 30, 2012 was 4.12%, an increase of six basis points from 4.06% in the previous year.
The following table sets forth for the quarter and six months ended June 30, 2012 and 2011, 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.
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