CLDB - Earnings announcements

Net income more than doubles year over year with continued progress projected Board authorizes $0.15 per share dividend, a 7% increase over prior quarterly dividend CORTLAND, Ohio, April 27, 2021 (GLOBE NEWSWIRE) -- Cortland Bancorp (NASDAQ:CLDB) announced its first quarter 2021 financial results.  Net income for the three months ending March 31, 2021 was $2.8 million, or $0.66 per share, which was twice the income level of $1.4 million, or $0.32 per share, for the first quarter of 2020 and equal to the $2.8 million, or $0.67 per share, for the fourth quarter of 2020. The return on average assets ratio was 1.38% for the Company for this first quarter, while the return on average equity

Net income improves 47% on quarter basis and 13% year over year, despite COVID-19 challenges Board authorizes $0.14 per share dividend, plus $0.05 special dividend, and new share repurchase program CORTLAND, Ohio, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Cortland Bancorp (NASDAQ: CLDB) announced its fourth quarter 2020 financial results. Net income for the three months ending December 31, 2020 was $2.8 million, or $0.67 per share, versus $1.9 million, or $0.44 per share, for the fourth quarter of 2019 and $2.2 million or $0.51 per share for the third quarter of 2020. The return on average assets ratio was 1.40% for the Company for this fourth quarter, while the return