Bank of Utah, Inc. provides personal and business banking products and services. It offers checking accounts, savings accounts, sweep accounts, money market accounts, individual retirement accounts (IRAs), certificates of deposit, and health savings accounts; and personal loans, such as mortgage and construction loans, home-equity loans and lines of credit, consumer loans, and demand deposit lines. The company also provides lines of credit, equipment loans, commercial real estate loans, SBA loans, corporate rewards cards, treasury management solutions, trust and investment services, and retirement services. In addition, it offers online and mobile banking, remote deposit, ACH debit and credi...
2605 Washington Boulevard
Ogden, UT 84401
Founded in 1952
Bank of Utah Reports Earnings Result for the Third Quarter Ended September 2014
Oct 27 14
Bank of Utah reported earnings result for the third quarter ended September 2014. For the quarter, the company reported total net income was $3.52 million as compared to $2.87 million for the same period last year. Annualized Return on Assets (ROA) for the current quarter was 1.52% as compared to 1.62% in 2013.
Bank of Utah Reports Earnings Results for the Second Quarter of 2014
Jul 28 14
Bank of Utah reported earnings results for the second quarter of 2014. For the period, the company reported total net income was $2.8 million as compared to the first quarter, 2014 of $3.1 million. Net income for second quarter 2013 was $3.5 million. This result equates to 10.61% return on equity. ROE is the key result measurement for profitability and is fundamental for shareholders to relate to their investment performance. Management continues to monitor the companion metric of return on assets that ended the quarter at 1.45% compared to the first quarter of 1.52% ROA and 2013 year end of 1.56%.