For the fiscal year the company has recorded a net income of $1.2 million, or $0.45 per diluted share compared to net income of $3.7 million, or $1.46 per diluted share, in 2006. The net interest income for the period was $21.7 million, up $2.1 million or 11% in fiscal year 2006. Earnings for the fourth quarter of 2007 were $576,000, or $0.22 per diluted share, compared to $429,000, or $0.17 per diluted share, in the fourth quarter of 2006.
Tyler Haahr, president and CEO of Meta Financial, said: We made important strides this year not only in significantly growing revenues, but also in investing for immediate and long term growth. Additionally, we continue to make significant investments in human capital, technology, and card processing middleware to support the continuing growth of our franchise, develop new products and services, solidify our delivery infrastructure and create long term shareholder value.
