Teche Holding Co., which operates banking offices in southern Louisiana, posted a slight decrease in fiscal fourth-quarter earnings, while ending its year with a 24% increase in annual profit. For the three months ending Sept. 30, Teche earned $2 million, or 94 cents per share, compared with year-ago earnings in the fiscal fourth quarter of $2.1 million, or 99 cents per share. Net loan chargeoffs for the latest quarter totaled $1.3 million, or 0.22% of average loans, compared with $100,000, or 0.01% of average loans for the same quarter a year ago. The company says the latest chargeoffs involved a multifamily real estate project that Teche ended its relationship with when the project was sold. For 2008-09, Teche said it earned $7.1 million, or $3.35 per share, compared with 2007-08 earnings of $5.7 million, or $2.63 per share.
Teche Holding posts lower 4Q earnings
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