Article: CALUMET BANCORP ANNOUNCES FIRST QUARTER EARNINGS

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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