(September 18 – 12:40 ET) – Alberta Treasury Branches is reporting improved earnings for the first quarter ending June 30. ATB says net income reached $38.6 million. This is an increase of $9.8 million or 34.19% from a year ago.

Net interest income was $87.2 million, an increase of 19.24% over the $73.1 million for the same quarter last year. Total assets were $10.9 billion, an increase of 10.47% in the year.

ATB’s efficiency ratio improved to 59.26%, compared to 62.49% for the same quarter last year.

“ATB continues to grow and achieve financial gains that strengthen and position the organization for the future,” says Paul G. Haggis, President and CEO. “We are a strong competitor in the Alberta financial services marketplace and we will continue to offer personalized service, while adapting to the changing needs of our agri-industry, independent business and retail customers.”
-IE Staff