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Blackhawk Bancorp, Inc : Blackhawk Bancorp Announces 2021 First Quarter Earnings

Blackhawk Bancorp, Inc.: Blackhawk Bancorp Announces 2021 First Quarter Earnings / Blackhawk Bancorp, Inc. (OTCQX:BHWB) reported net income of $3.43 million for the quarter ended March 31, 2021, a 2% increase over the $3.35 million earned the previous quarter, and a 65% increase compared to the $2.07 million earned the first quarter of 2020. Fully diluted earnings per share (EPS) for the quarter was $1.02, an increase of $0.02 as compared to $1.00 for the quarter ended December 31, 2020 and an increase of $0.39, or 62%, as compared to $0.63 reported for the quarter ended March 31, 2020. The first quarter 2021 results produced a Return on Average Equity (ROAE) of 12.44% and a Return on Average Assets (ROAA) of 1.16%.

Blackhawk Bancorp Announces 2021 First Quarter Earnings

Blackhawk Bancorp Announces 2021 First Quarter Earnings
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Understanding Return On Assets (ROA)

KXLY April 5, 2021 5:19 AM Emily Guy Birken - Forbes Advisor Posted: Updated: April 5, 2021 8:21 PM Return on assets (ROA) is a measure of how efficiently a company uses the assets it owns to generate profits. Managers, analysts and investors use ROA to evaluate a company’s financial health. What Is ROA? Return on assets compares the value of a business’s assets with the profits it creates over a set period of time. If that sounds abstract, here’s how ROA might work at a hypothetical widget manufacturer. The company owns several manufacturing plants, plus the tools and machinery used to make widgets. It also maintains a stock of raw materials used in widget production, plus inventory comprising unsold widgets. Then there’s the unique widget designs it’s created, and cash and cash equivalents it keeps on hand for business expenses. Collectively, these are the widget manufacturer’s assets. The money it earns from selling widgets, minus the cost of materia

Corona-Folgen: Deutsche sparen im Lockdown mehr

Corona-Folgen: Deutsche sparen im Lockdown mehr
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