Profits slip at Hudson Valley Bank parent
-
- August
- 6
Hudson Valley Holding Corp. of Yonkers, the parent company of Hudson Valley Bank, said it had lower profits for the first half of fiscal 2008, year over year.
The company had net income of $16.3 million, or $1.59 a share, compared to net income of $16.7 million, of $1.64 a share, in the first half of 2007. Chief Executive Officer James J. Landy said net loans increased $205.3 million, or 15.9 percent in the period, leading the company to increase its loan loss reserve.
As of June 30, assets were $2.3 billion, deposits were $1.7 billion and net loans were $1.5 billion.
This entry was posted
on Wednesday, August 6th, 2008 at 4:26 pm by Jerry Gleeson.
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Category: Banking, Earnings forecast
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