Westfield Bank releases second quarter earnings

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WESTFIELD — Westfield Bank's holding company has reported net income of $2.0 million, or $0.08 cents per share for the three month period ending June 30, and $4.1 million, or 16 cents per diluted share, for the first six months of 2020. Net income for both periods was lower than for the same time periods in 2019. Net income during the second quarter of 2019 was $3.3 million, or 12 cents per diluted share; while net income for the first six months of 2019 was $6.7 million, or 25 cents per diluted share. The board of directors has declared a quarterly cash dividend of $0.05 per diluted share that will be payable on or about Aug. 26 to shareholders of record on Aug 12.



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