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Article: CALUMET BANCORP ANNOUNCES FIRST QUARTER EARNINGS
- Article from:
- PR Newswire
- Article date:
- April 23, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. 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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DOLTON, Ill., April 23 /PRNewswire/ -- Calumet Bancorp, Inc. (Nasdaq-NNM: CBCI), today reported net income of $1.6 million for the first quarter of 1996, compared to $1.5 million net income for the first quarter of 1995. Earnings per share of common stock for the first quarter of 1996 were $0.57, compared to $0.51 for the first quarter of 1995.
Net interest income decreased by $520,000 to $4.7 million during the first quarter of 1996, compared to $5.2 million during the first quarter of 1995, primarily due to a $907,000 increase in the cost of deposits, offset by a $224,000 decrease in the cost of borrowings. The company has been more aggressive in pricing its ...
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