North Central Bancshares Inc. in Fort Dodge, Iowa, announced fourth-quarter earnings Thursday of $1.31 million, down 0.75% from a year earlier.
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Diluted earnings per share were up 5%, to 83 cents. The $462 million-asset company attributed the jump to a 4.6% decline in the number of shares outstanding, to 1.5 million.
Fourth-quarter net interest income rose 8.3%, to $3.4 million, but noninterest income was down 14.6%, to $1.5 million.
Full-year earnings slipped 7.7%, to $5.4 million, and diluted earnings per share were down 4%, to $3.34. Net interest income rose 2.9%, to $13.2 million.
Noninterest income fell 8.2%, to $6 million; the company cited declines in mortgage banking income and prepayment fees.
