Bank Mutual Q1 Profit Drops 19%

(RTTNews) - Bank Mutual (BKMU) released earnings for first quarter that dropped compared to the same period last year.

The company said its bottom line dropped to $3.64 million, or $0.08 per share. This was down from $4.47 million, or $0.10 per share, in last year's first quarter.

Analysts had expected the company to earn $0.08 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Bank Mutual earnings at a glance:

-Earnings (Q1): $3.64 Mln. vs. $4.47 Mln. last year. -Earnings Decline (Y-o-Y): -18.6% -EPS (Q1): $0.08 vs. $0.10 last year. -EPS Decline (Y-o-Y): -20.0% -Analysts Estimate: $0.08