Blue Valley Ban Corp. of Overland Park, Kan., announced Wednesday that its fourth-quarter earnings rose 53% from a year earlier, to $2.1 million.
Diluted earnings per share were up 46%, to 83 cents.
For the year, Blue Valley's net income rose 52%, to $6.9 million. Diluted earnings per share for the year rose 51%, to $2.88.
The $692 million-asset company attributed the growth to higher yields on its average earning assets. Net interest income for the quarter was $7.2 million, besting the year-earlier period by 13%. For the year net interest income rose 24%, to $27.9 million.
Noninterest income was down for the quarter and year because of lower mortgage origination volume. It fell 6%, to $2.3 million, for the quarter and 21%, to $8.9 million, for the year.
