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Article: First of America Bank Corp. Reports 3rd Qtr Net Income of $79.0 Million or $0.89 Per Share, Up From $51.0 Million or $0.55 Per Share Reported a Year Ago
- Article from:
- PR Newswire
- Article date:
- October 13, 1997
CopyrightCOPYRIGHT 1997 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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KALAMAZOO, Mich., Oct. 13 /PRNewswire/ -- First of America Bank Corporation (NYSE: FOA) today reported third quarter net income of $79.0 million, up 55 percent from the same quarter of 1996. Earnings per share at $0.89 also compared favorably with the $0.55 reported a year ago. Net income for the 1997 quarter included, on an after-tax basis, $3.6 million from gains on the sale of one branch office and the sale of $24 million of credit card receivables, partially offset by $1.3 million in one-time charges. Last year's third quarter included the one-time expenses of the Savings Association Insurance Fund's assessment of $14.8 million and severance charges of $1.4 ...
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Article: Third quarter net income moves up.
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... ... chairman. Nine month net income for 1989 was $525 ... million, up 4.3 percent from restated 1988 ... in 1989, 6.8 percent over 1988's restated ... had third quarter net income of $323.8 million, an 18.8 percent climb from 1988 ...
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