TINLEY PARK, Ill. - Heritage Financial Services Inc. increased second-quarter earnings by 30%, to $2.4 million, from $1.9 million in the 1991 period.
Earnings per share rose to 30 cents, from 23 cents.
For the first six months of 1992, net income rose 28%, to $4.6 million, or 57 cents a share.
Contributing to the improvement were a 17% increase in average earning assets, in part due to the acquisition of 1st Heritage Bank in January, and lower loss provisions and operating expenses, said Richard T. Wojcik, chairman and chief executive.
Heritage Financial has $742 million in assets and operates nine banking offices in Chicago's southwestern suburbs.