Southwest Georgia Financial Corporation Reports 13% Increase in Net Income for the 2016 Third Quarter
Staff Report From Valdosta CEO
Wednesday, October 26th, 2016
Southwest Georgia Financial Corporation, a full-service community bank holding company, reported its results of operations for the third quarter ended September 30, 2016.
“Our performance was strong in the quarter as double-digit growth in loans and deposits drove a 13% increase in net income,” commented DeWitt Drew, President and CEO. “We continue to achieve excellent results from our market expansion, which is making a significant contribution to our higher loan originations and healthy pipeline. In consideration of our increased earnings power, solid balance sheet, and excellent asset quality, the board recently increased the quarterly dividend by 10%, reflecting our long-time commitment to returning earnings to shareholders.”