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CCFNB Bancorp Inc Reports Net Income of $3.4 Million for the Quarter Ended June 30, 2023
Quarterly Revenue: $15.6 Million
CCFNB BANCORP INC [CCFN], a leading financial institution, has announced its financial results for the quarter ended June 30, 2023. The company reported a net income of $3.4 million for the quarter. The quarterly revenue stood at $15.6 million. These results reflect the company's strong performance and continued growth in its core businesses.
The company's net income for the quarter showed a slight decrease compared to the same period last year, which can be attributed to higher credit loss provisions. The provision for credit losses on loans amounted to $4 million, reflecting the company's commitment to maintaining a strong credit quality portfolio. Despite this, the company's overall financial performance remained solid, supported by its diversified revenue streams and efficient cost management.