First Citrus Bancorp sees earnings, deposit gains in Q2
July 20, 2020 - First Citrus Bancorporation reported net earnings of $1.3 million or 61 cents a share, for the second quarter of 2020, compared to net earnings of $949,000, or 46 cents a share, for the same quarter in 2019. In addition to the 36 percent jump in earnings, the bank had a 46 percent increase in deposits year-over-year, and ended the second quarter on June 30 with $473 million in deposits. The deposit increase primarily was due to deposits made in connection with the Paycheck Protection Program, the bank said in a news release. First Citrus Bancorporation (OTC: FCIT), with $549.5 million in total assets, is headquartered in Tampa and the parent company of First Citrus Bank.