New Iberia-based Teche Holding Co. reported that earnings for the bank-holding company dipped slightly to $1.77 million, or 85 cents per share, for the three months ended Dec. 31, compared to $1.82 million, or 87 cents per share, a year earlier.
The results fell short of stock analysts’ estimates for the first quarter of Tech’s fiscal year. Analysts surveyed by Thomson Reuters had expected earnings of 95 cents per share.
However, Teche President and Chief Executive Officer Patrick Little described the fourth-quarter earnings as solid and pointed to the company’s third consecutive fiscal year of record earnings per share. Teche earned $3.45 per share for fiscal 2011.
“We are very pleased that we have been able to post strong and consistent earnings for over three years. The strength of the south Louisiana economy has been a big help in boosting loan growth,” Little said in a news release.
Teche Holding is the holding company of Teche Federal Bank, which had total loans of $632.6 million for the quarter, compared to $593.7 million a year earlier.
Teche customers’ checking account balances were up 6.9 percent over the three months ended Dec. 31, 2010.