LNB Bancorp, Inc. Reports Second Quarter 2008 Results (Business Wire)

Thursday July 24, 7:30 am ET -- Increases in net interest income amid economic challenges-- Net interest margin shows significant improvement-- Strong fee income growth continues -- Provision increased to prudently address potential credit issues LORAIN, Ohio--(BUSINESS WIRE)--LNB Bancorp, Inc. (NASDAQ: LNBB - News ) today reported a net loss of $1,135,000 or $.16 per diluted share for the three months ended June 30, 2008, compared with net income of $636,000 or $.09 per diluted share reported for the same period a year ago, and net income of $1,447,000 or $.20 per diluted share reported for the three months ended March 31, 2008. For the first six months of 2008, net income was $312,000, or $.04 per diluted share, compared with $2,171,000 or $.32 per diluted share for the same period a year ago. “While reported earnings were... [read full story]