Rochester, NY 9/1/2009 12:33:19 PM
Parkvale Financial Corp.,PVSA, Up by 1.89% During After-Market Trading
Parkvale Financial Corp.
Parkvale Financial Corp., Pittsburgh’s ninth largest bank, reported net income of $1.4 million or 18 cents per share for the quarter ended June 30, its fourth. Earnings were released Thursday after the market closed.
Earnings dropped by one-third from last year due to a one-time emergency assessment to the FDIC to restore the federal agency’s insurance fund, increased provisions for loan losses and a decrease in non-interest income. A year ago, Parkvale had net income of $2.05 million or 38 cents per diluted share.
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Last Trade: 9.17
Day's Range: 8.82 - 9.17
52wk Range: 6.56 - 23.48
Change: Up 0.17 (1.89%)
Volume: 45,884
Avg Vol (3m): 20,484.6
ABOUT Parkvale Financial Corporation
Parkvale Financial Corporation operates as a holding company for Parkvale Savings Bank that provides various consumer and commercial banking services to individuals, partnerships, and corporations in the Pittsburgh metropolitan area. It attracts deposits from the general public and investing such deposits, together with other funds, in residential real estate loans, consumer loans, commercial loans, and investment securities. The company offers various deposit product products, including passbook and statement savings, commercial checking, noninsured sweep, checking, and money market accounts, as well as certificates of deposit, IRA certificates, and jumbo certificates of deposit. Its loan portfolio consists of residential real estate loans; commercial real estate loans; commercial loans comprising secured and unsecured loans; and consumer loans, such as home equity, student, personal, home improvement, and automobile loans, as well as credit cards, and home equity and personal lines of credit.
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