First Niles Financial Inc., the parent company of Home Federal Savings and Loan Association of Niles, has announced a cash dividend of $.06 per share on common stock and $.07 per share on preferred class A stock for the first quarter of 2025.

The dividend will be payable March 21 to shareholders of record on March 7.

First Niles had $156.4 million in assets and $14.2 million in stockholders’ equity as of Dec 31.

The company recorded net income of $177,000, or $0.13 per common share, for the quarter ended Dec. 31, as compared to net income of $342,000, or $0.26 per common share, in the comparative quarter one year ago.

For the year ended Dec. 31, the company recorded net income of $863,000, or $0.64 per common share, compared to net income of $808,000, or $0.60 per common share for the year ended Dec. 31, 2023.

Return on average assets for the three months and year ended 2024 was 0.46% and 0.56%, respectively. Return on average assets for the three months and year ended 2023, was 0.92% and 0.54%, respectively.

First Niles also announced its annual shareholders meeting will be 2 p.m. April 30 at its main office, 55 N. Main Street, Niles.