Central Virginia Bankshares Q4 net income down

8th February 2008
By Staff Writer

Central Virginia Bankshares, a bank holding company, has reported net income of $1 million, a decrease of 13.1% for the fourth quarter of 2007, compared to $1.16 million for the fourth quarter of 2006.

Print Article
Email A Friend
Your Comment
Post to del.icio.us
Digg this

  • Central Bancompany to issue PayPass debit cards
    12 Sep 2007
  • Citi completes acquisition of Grupo Cuscatlan
    15 May 2007
  • Bank of America appoints Orlando and Central Florida president
    21 Nov 2007
  • Korean bank lending rates hit five-year high in September
    29 Oct 2007
  • Bank of America appoints West Central Florida market president
    18 Dec 2007

   No companies found

No White Papers Available

For the full-year period of 2007, net income was $3.98 million, compared to $5.15 million for the full-year period of 2006.

Ralph Lyons, president and CEO, said: "I can't say we were overly pleased with the results for 2007, however, our profits were still $4 million, and we anticipated the negative impact of margin compression in view of the past year's interest rate environment and our bank's asset sensitivity."

  • Comment on this Article
Sign up to our weekly newsletters for the latest industry news & comment.
 Business Digest
 Distribution News
 Financial Services Digest
 Retail Banking News
 Savings & Investments News

Email Address