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Article: Southeast Banking Corp. reports 1986 third quarter net income.
- Article from:
- PR Newswire
- Article date:
- October 9, 1986
CopyrightCOPYRIGHT 1986 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. 9 /PRNewswire/ -- Southeast Banking Corp. (NYSE: STB) today reported 1986 third quarter net income of $22.6 million, a 22 percent increase over the same quarter last year.
This was the fifth consecutive quarter Southeast has reported an increase in net income.
Primary earnings per share for the quarter ended Sept. 30, 1986, were $1.15, a 17 percent increase over the 98 cents reported for the same quarter last year.
"These record earnings represent continued quarter-to-quarter improvement in Southeast's fundamental performance," said Southeast Chairman and Chief Executive Officer Charles J. Zwick. "The 1986 third quarter ...