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Article: CFNB First Quarter Earnings Up 93% on Strong Investment Gains and Earnings.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 7, 2009
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California First National Bancorp (NASDAQ: CFNB) ("CalFirst Bancorp" or the "Company") announced net earnings of $3.5 million for the first quarter ended September 30, 2009, up 93% from $1.8 million earned during the first quarter of fiscal 2009. Diluted earnings per share for the first quarter of $.34 were more than double the $0.16 per share reported for the same period of the prior year. Earnings per share comparisons benefited from the Company's August 2008 purchase of 1.3 million shares of common stock that contributed to a 6% reduction in fully diluted average shares outstanding for the quarter.
The significant improvement in net earnings for the first ...
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