Business

Cortland Bancorp reports net income of $2.1M in first quarter

CORTLAND — Cortland Bancorp, the holding company for Cortland Bank, reported Wednesday a net income of $2.1 million, or 49 cents per share, for the first quarter of 2019. That’s a 37 percent increase over the $1.5 million, or 35 cents per share, for the first quarter of 2018. The return ...

Farmers releases earnings for first quarter 2019

CANFIELD — Farmers National Bancorp ended the first three months of 2019 with a net income of $8.4 million, or 30 cents per diluted share, which compares to $7.7 million or 28 cents per diluted share for the first quarter of 2018. The return on average assets and return on average equity ...

Home Savings announces income of $8.7M in first quarter

YOUNGSTOWN — United Community Financial Corp., the parent company of Home Savings Bank, announced net income of $8.7 million, or 17 cents per diluted share, for the first quarter of 2019 compared to 17 cents, or $8.6 million, for the same period in 2018. The company reported a return on ...

Cortland Bancorp rallies in trading Wednesday

After losing more than $2 per share on Tuesday, Cortland Bancorp stock rallied in trading Wednesday, gaining $1.98 per share to close at $24.69. First Niles Financial held steady to close again at $8.50 per share.

Mixed results for two local stocks

Cortland Bancorp stock took a nosedive Tuesday, losing $2.28 per share to close at $22.71. First Niles Financial held steady to close again at $8.50 per share.

Business briefs

COURTYARD CANFIELD GETS AWARD: The Courtyard by Marriott Youngstown-Canfield was honored by Marriott International with three awards for superior performance, including the prestigious Diamond Circle Award. Diamond Circle, given to seven of 1,071 Courtyard properties in the world this year, ...

Drones, sonar deployed against floods

MEMPHIS, Tenn. — An arsenal of new technology is being put to the test fighting floods this year as rivers inundate towns and farm fields across the central United States. Drones, supercomputers and sonar that scans deep under water are helping to maintain flood control projects and predict ...

Cortland Bancorp surges in trading on Wednesday

Cortland Bancorp, which lost $1.88 in trading Wednesday, gained nearly all of it back in trading Thursday, closing at $24.85, which is a $1.74 increase. First Niles Financial, which has held steady at $9 for the past 18 days, lost 50 cents in trading Thursday to close at $8.50 per share.

Auto sales trend upward in first quarter of 2019

WARREN — Automobile dealers in the Mahoning Valley continued an upward sales trend three months into 2019 compared to the first quarter of last year. There were 24,159 new and used vehicles sold in January, February and March at dealerships in Trumbull, Mahoning and Columbiana counties. ...

Youngstown call center hiring 300 more employees

YOUNGSTOWN — VXI Global Solutions, a call center in downtown Youngstown, is looking to add 300 new employees. The need was created by the addition of a new line of business this year for a large food delivery service company and the expansion of two existing accounts, according to the ...

Cortland Bancorp suffers huge loss in trading

Cortland Bancorp, which had gained 99 cents in trading Tuesday, lost $1.88 in trading Wednesday to close at $23.11 per share. First Niles Financial held steady at $9 per share for the 18th day in a row.

Local bank stocks mixed Tuesday

Cortland Bancorp gained 99 cents in trading Tuesday to close at $24.99 per share. First Niles Financial held steady at $9 per share for the 17th day in a row.

Local gas prices below NEO average

WARREN — At $2.57 per gallon, the average price for gasoline in the Warren-Youngstown area is 2 cents less than the average across northeast Ohio, according to AAA East Central’s Gas Price Report. The average price in Niles is $2.51 per gallon, which is 8 cents less than the region’s ...

Local bank stocks stand pat in Monday trading

After a volatile week in trading last week, Cortland Bancorp held steady in trading Monday to close at $24 per share. First Niles Financial held steady at $9 per share for the 16th day in a row.

Business briefs

SPRAGUE TO SPEAK AT CHAMBER EVENT: Ohio Treasurer Robert Sprague will speak at the Youngstown Warren Regional Chamber’s Lattes & Legislators event 12:30 to 2 p.m. May 9 at Trumbull County Country Club, Warren. The cost is $10 per person. Sprague, Ohio’s 49th state treasurer, oversees ...

File on time even if you can’t pay

Special to the Tribune Chronicle With the tax filing due date on Monday, taxpayers should remember to both file and pay any taxes they owe by the deadline. Taxpayers who do not file and pay timely will see their tax debt grow. In fact, penalties and interest can cause a taxpayer’s ...

Cortland Bancorp regains losses

After losing $1.85 in trading throughout the week, Cortland Bancorp regained all its losses in trading Friday and added another dime to close at $24 per share. First Niles Financial held steady at $9 per share for the 15th day in a row.

Cortland Bancorp loses again

After losing 90 cents in trading Wednesday, Cortland Bancorp lost another 95 cents in trading Thursday to close at $22.05 per share. First Niles Financial held steady at $9 per share for the 14th day in a row.

Local bank stocks have mixed results in trading

Cortland Bancorp tumbled in trading Wednesday, losing 90 cents per share to close at $23 per share. First Niles Financial held steady at $9 per share for the 13th day in a row.