Integrity, PPG report Q3 earnings
A midstate bank and a Pittsburgh company with a Cumberland County facility reported third-quarter earnings this week.
Camp Hill-based Integrity Bancshares, the parent company of Integrity Bank, on Wednesday reported net income of more than $2 million compared to $1.6 million in the third quarter of 2012.
Company income year-to-date is $5.7 million, which is up $2 million over the first nine months of 2012. The return on equity to shareholders was 18.1 percent and return on assets was 1.1 percent, according to the bank.
Integrity assets were $729 million at the end of the quarter, an increase of 10 percent.
The bank has branches in Cumberland, Dauphin, Lancaster and York counties. It is planning to open three branches in 2014. Integrity announced in August that it was going to trade over the counter.
Meanwhile, PPG Industries Inc., which has a factory in South Middleton Township, today reported adjusted net income of $353 million, or $2.44 per diluted share for continuing operations. In the third quarter of 2012, PPG reported net income of $288 million, or $1.86 per diluted share.
Analysts had expected $2.34 per diluted share for the quarter, according to Yahoo Finance.
PPG makes glass, basic chemicals and coatings for the automotive and construction industries and other clients. It trades shares of its stock on the New York Stock Exchange under the ticker symbol PPG.