There are a number of companies that are going to vie for the attention of investors, and one of those could be Oxford Bank Corporation (OTC: OXBC), the parent company of Oxford Bank. On Thursday the company had been in sharp focus after it made an announcement with regards to its operating results for the fourth fiscal quarter.
The Performance
In the fourth fiscal quarter that ended on December 31, 2024, Oxford Bank Corporation reported consolidated earnings to the tune of $1.67 million that worked out to earnings of $0.68 per weighted average share. However, in the corresponding period in 2023, the earnings had been $2.36 million to go along with earnings per weighted share of $0.96. In the previous quarter, the company had delivered earnings of $2.75 million.
Yearly Decline
In the 2024 fiscal year, the earnings came in at $9.96 or $4.05 a share, as opposed to $12.06 million in the previous fiscal year, which translated to earnings per share of $4.94. However, in the news release, Oxford Bank Corporation noted that the performance was solid and was in line with the performance of the rest of the industry. It may be a good idea to keep an eye on the price action this morning.
