You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • Kidney settlement derided
    DaVita Healthcare Partners Inc. this week agreed to one of the largest ever anti-kickback settlements in the U.S.But even a $350 million penalty isn’t enough to satisfy Jamie Court’s sense of justice.
  • 16 killed in northwest China coal mine collapse
     BEIJING – A coal mine shaft collapsed in northwestern China, killing 16 miners, an official said Saturday, highlighting the persistence of safety problems in the industry despite a leveling off of demand.
  • Disney woos Japanese moviegoers
    TOKYO – Disney executives call their next film “a love letter to Japanese culture.” No wonder: This nation can't get enough of animation, especially Disney's.
Advertisement

Peoples Bancorp quarterly earnings up 12%

Peoples Bancorp today reported first fiscal quarter earnings of $760,012, or 33 cents per diluted common share, a 12 percent increase from the $677,910, or 28 cents a share, posted for the prior year’s first fiscal quarter.

The Auburn-based holding company for Peoples Federal Savings Bank follows a fiscal calendar that ends Sept. 30.

Peoples Bancorp set aside less than half as much money to cover bad loans in the quarter ended Dec. 31 as compared to the previous year. The amount dropped to $40,000 from $90,000. The amount of non-performing loans and real estate seized for unpaid loans also fell by one-third, to $1,061,000 from $1,572,000.

The company also opened a new branch in Woodburn during the quarter, bringing its total to 16.

sslater@jg.net

Advertisement