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Article: Calumet Bancorp Announces First Quarter Earnings
- Article from:
- PR Newswire
- Article date:
- April 20, 1998
CopyrightCOPYRIGHT 1998 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 20 /PRNewswire/ -- Calumet Bancorp, Inc. (Nasdaq: CBCI), today reported net income of $4.0 million for the first quarter of 1998, compared to $1.8 million net income for the first quarter of 1997. Basic earnings per share (BEPS) of common stock for the first quarter of 1998 increased to $1.27, compared to $0.52 for the first quarter of 1997, and diluted earnings per share (DEPS) increased to $1.17, compared to $0.48, for the same periods. The primary reason for the increase was the sale of a limited partnership investment property at a gain of $3.6 million, which resulted in after tax net income of $2.3 million, or BEPS of $0.74 and DEPS of $0.69.
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