Centric Financial Corporation Announces 1st Quarter Earnings
On: April 24, 2015 Filed Under: Member News
HARRISBURG (April 24, 2015) – Centric Financial Corporation, the parent company of Centric Bank, reported first quarter revenue of $3,400,000, an increase of 9% over the first quarter 2014. Earnings for the first quarter were $304,000, an increase of 87% over the first quarter 2014. Book value per share was $5.37, an increase of $0.48 per share over the same period last year.
Total assets at the end of the first quarter were $326 million, an increase of $21 million or 7% over the first quarter 2014. Total loans at March 31, 2015 were $265 million, an increase of $33 million or 14% from the same period last year. Total deposits at the end of the first quarter were $289 million, an increase of $11 million or 4% over the same period last year.
About Centric Bank
A two-time Best Places to Work and Top 50 Fastest-Growing Companies for three consecutive years, Centric Bank is headquartered in south central Pennsylvania with assets of $326 million and remains the leader in organic loan growth in central Pennsylvania. A locally owned, locally loaned community bank, Centric Bank provides highly competitive and pro-growth core financial services to businesses, professionals, individuals, and families. With a Five-Star Bauer Financial Rating, Centric Bank is also ranked as a Top 20 Lender for SBA Loans in the Philadelphia Region.
Founded in February 2007, Pennsylvania-based Centric Bank has financial centers located in Harrisburg, Hershey, Mechanicsburg, and Camp Hill, and a loan production team in Bucks County. To learn more about Centric Bank, call 717.657.7727 or visit their website at www.CentricBank.com. Connect with them on Twitter at @CentricBank and Facebook at Centric Bank.