First of Long Island earnings up 7.5 percent
Glen Head-based First of Long Island Corp. Friday said an increase in interest income helped boost its third-quarter earnings 7.5 percent.
Net income rose to $6.5 million, from $6.1 million the year before. Net interest income increased 9.8 percent to $18.9 million, from $17.2 million. But the parent of the First National Bank of Long Island said that rise was partially offset by $513,000 for salary increases and $405,000 for employee benefit increases.
Earnings per share rose 7 percent to 46 cents. Total assets on Sept. 30, the quarter's end, were $3 billion, compared with $2.6 billion a year earlier.
First of Long Island has 42 branches, including 39 on Long Island, two in Manhattan and one in Howard Beach, Queens.
Sarra Sounds Off, Season 3, Ep 2: Garden City vs. Massapequa, fantasy update and plays of the week Gregg Sarra sounds off on the hype of the Garden City vs. Massapequa matchup, plus Tess Ferguson at Floyd girls tennis with the Van Cott twins, the plays of the week and a high school fantasy football update on the latest epsiode of Sarra Sounds Off.
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