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Stock Market & Financial Investment News

News Breaks
July 25, 2014
16:08 EDTHVBHudson Valley reports Q2 EPS 12c with items, consensus 14c
The company recorded approximately $0.5M ($0.3M after tax, or 2c per diluted share) of charges related to executive severance payments as well as professional fees incurred to expand its residential lending operation. The company's provision for loan losses in the second quarter was $0.5M, compared to $0.1M in the linked quarter and $0.3M in the year-ago quarter. The company's net interest margin was 3.05% in the second quarter, compared to 3.14% in the linked quarter and 3.06% in the year-ago quarter.
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