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Article: Exchange National Bancshares Announces Year 2006 Annual Earnings of $2.59 Per Diluted Share.(Financial report)
- Article from:
- Business Wire
- Article date:
- February 22, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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JEFFERSON CITY, Mo. -- Exchange National Bancshares, Inc. (NASDAQ: EXJF) of Jefferson City, MO, announced today for the year ended December 31, 2006, Exchange National Bancshares, Inc. earned $2.59 per diluted share, up 9.7% from diluted earnings of $2.36 per share a year earlier. Net income for the year ended December 31, 2006 of $10,875,000 increased $960,000 when compared to the year ended 2005.
In commenting on earnings, James E. Smith, Chairman and CEO, said, "We had a strong year in 2006. Due to an increase in our net interest margin and in the volume of earning assets, net interest income increased $4,990,000 compared to the same period in 2005. The net ...