First Citrus Bank (OTCQB:FCIT) delivered yet another quarter of strong growth. The bank remains safely managed and careful when originating new loans. The company also increased book value per share to $17.25. This continued strong performance makes the bank an attractive investment at its current valuation.
Source: First Citrus
Earnings
First Citrus posted earnings of 52 cents per share, with $1,057,000 in net earnings. This is a 73% increase over the first quarter of 2018, when First Citrus reported 30 cents per share, with only $609,000 in net earnings. This earnings increase was