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Article: Southeast Banking Corp. reports net income for third-quarter.
- Article from:
- PR Newswire
- Article date:
- October 11, 1984
CopyrightCOPYRIGHT 1984 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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MIAMI, Oct. 11 /PRNewswire/ -- Southeast Banking Corporation today reported net income for the 1984 third quarter increased 32 percent from the same period a year ago.
Southeast's net income for the quarter ended Sept. 30, 1984, was $17.2 million, compared with the $13 million earned in the third quarter of 1983.
Net income applicable to common stockholders was $15.2 million which produced earnings per share for the 1984 third quarter of 91 cents compared to the 72 cents earned in the same quarter last year.
Southeast Chairman and Chief Executive Officer Charles J. Zwick said, "This growth in earnings shows strong, continued quarterly ...