CIB Marine Bancshares Q3 Profit Falls to $0.767 Million as Revenue Slips 3.7%

CIB Marine Bancshares (CIBH.PK) reported lower third-quarter earnings, with net income falling to $0.767 million, or $0.57 per share, from $0.908 million, or $0.65 per share, in the same period last year. Revenue for the quarter declined 3.7% to $7.218 million from $7.492 million a year earlier, according to GAAP figures released by the company. The results mark a year-over-year contraction in both the bottom line and top line for the bank holding company.