First Citrus Bancorporation, Inc. Announces Fourth Quarter Earnings

Feb 03, 2017
TAMPA, Fla.--(BUSINESS WIRE)-- First Citrus Bancorporation, Inc. (OTCPink:FCIT) the parent bank holding company for First Citrus Bank has released its financial results for the fourth quarter of 2016, with quarterly earnings of $425,000, or $0.26 per basic and diluted share, and year-to-date net earnings of $1,275,000, or $0.77 per basic and diluted share. Net earnings in the fourth quarter of 2016 increased 111% over the fourth quarter of 2015. Net earnings for 2016 increased 54% over the prior year.

After adjusting for the October 17, 2016 5% stock dividend, the book value per share ended 2016 at $14.19, an increase of 5.9% over the $13.40 book value per share at year end 2015.

Total assets were $312.9 million at December 31, 2016, an increase of $46.5 million, or 17% from $266.4 million at December 31, 2015.

Total loans grew to $253.1 million at December 31, 2016, an increase $30.5 million, or 14% from $222.6 million. Average DDA balances for 2016 were $54.4 million, an increase of $10 million, or 23% over the 2015 average. DDA balances averaged 23% of 2016 total average deposits

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Brandon Location Map

First Citrus Bank Brandon

1314 Oakfield Drive | Brandon, FL 33511

Customer Service

813-864-0929

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813-269-5414

Fax

813-864-0937

Monday - Thursday

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Friday

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Carrollwood Location Map

First Citrus Bank Carrollwood

10824 N. Dale Mabry Hwy | Tampa, FL 33618

Customer Service

813-926-2848

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813-269-5414

Fax

813-269-5416

Monday - Thursday

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Friday

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Citrus Park Location Map

First Citrus Bank Citrus Park

13850 Sheldon Road | Tampa, FL 33626

Customer Service

813-926-5588

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813-269-5414

Fax

813-864-1250

Monday - Thursday

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Friday

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Kennedy Location Map

First Citrus Bank Kennedy

4302 West Kennedy Blvd. | Tampa, FL 33609

Customer Service

813-422-6625

Loans

813-269-5414

Fax

813-422-6650

Monday - Thursday

  • Lobby: 9:00am - 4:00pm
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Friday

  • Lobby: 9:00am - 6:00pm
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South Tampa Location Map

First Citrus Bank South Tampa

4240 Henderson Boulevard | Tampa, FL 33629

Customer Service

813-287-0992

Loans

813-269-5414

Fax

813-287-0322

Monday - Thursday

  • Lobby: 9:00am - 4:00pm
  • Drive-Thru: 8:00am - 5:30pm

Friday

  • Lobby: 9:00am - 6:00pm
  • Drive-Thru: 8:00am - 6:00pm