Monday, July 31, 2023 Staff

First Niles Financial Reports Net Income of $199K in Q2

NILES, Ohio – First Niles Financial Inc., the holding company of Home Federal Savings and Loan Association of Niles, reported a net income of $199,000 for the second quarter of 2023. With $148.9 million in total assets, up $15 million from the end of 2022, the bank reported positive results for the first two quarters of 2023. Those resulted in increases in the primary earnings per share of 15 cents and 19 cents for the first three and six months of 2023, respectively, compared with 7 cents