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Article: Westborough Financial Services, Inc. Reports Earnings for Three-months ended December 31, 2005.
- Article from:
- Business Wire
- Article date:
- January 26, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WESTBOROUGH, Mass. -- Westborough Financial Services, Inc., (the "Company") (OTCBB: WFSM.OB) the holding company for The Westborough Bank (the "Bank"), reported earnings per share (dilutive) for three-months ended December 31, 2005 of $0.06 on net income of $90 thousand, as compared to $0.22 per share (dilutive) on net income of $339 thousand for three-months ended December 31, 2004. For three-months ended December 31, 2005, net income declined by $249 thousand, or 73.5%, as compared to three-months ended December 31, 2004, which is attributed to a decrease in the Company's net interest margin, resulting from the effects of a relatively flat yield curve. The Company's ...
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