Bank, on strength of PPP loans, doubles net income in second quarter

First Home Bank’s total assets also soared, going from $531 million to $1.470 billion.

  • By Business Observer Staff
  • | 10:22 a.m. August 7, 2020
Courtesy. First Home Bank doubled its net income in the second quarter of 2020.
Courtesy. First Home Bank doubled its net income in the second quarter of 2020.
  • Tampa Bay-Lakeland
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ST. PETERSBURG — As of June 30, First Home Bank had processed $831 million in Paycheck Protection Program loans, which boosted its net income for the second quarter to $2.345 million, a 106% increase from the same period last year, when its net income was $1.138 million. 

 

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