Riverhead-Based Suffolk Bancorp Profit Drops 22 Percent

Summary


Riverhead-based Suffolk Bancorp, the holding company for Suffolk County National Bank, made a profit of about $4.7 million for the third quarter, a decline of 22 percent compared to the same quarter last year, when the bank made approximately $6 million.

Earnings per share for the quarter were 49 cents, a decline from 63 cents for the same quarter last year, according to the bank. At noon Friday, shares of the bank last traded at $26.87.

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Riverhead-Based Suffolk Bancorp Profit Drops 22 Percent

The banks non-performing loans, a key indicator of financial health, totaled $36.6 millio...

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