Bippus State Corporation, parent company of The Bippus State Bank, has announced their year-end earnings for 2018 and 4th quarter dividend. The 2018 earnings were $3,270,727, an increase of 33% from the 2017 earnings of $2,443,440, setting a record in the bank’s history. The 2018 earnings represent an 18.78% return on equity to shareholders of Bippus State Corporation.
A distribution of $2.67 per share was declared to shareholders of record as the end of business on January 22, 2019. This distribution will be payable February 1, 2019. In combination with the three prior quarterly distributions, total shareholder distributions for 2018 were $6.97.
Bippus State Corporation currently has 212,399 shares outstanding. The bank was formed in 1911 and currently has five offices in Huntington and Wabash Counties.