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Article: Falmouth Bancorp, Inc. Reports Results for the Quarter Ended December 31, 1998.
- Article from:
- Business Wire
- Article date:
- January 22, 1999
CopyrightCOPYRIGHT 1999 Business Wire. 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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FALMOUTH, Mass--(BUSINESS WIRE)--Jan. 22, 1999--Falmouth Bancorp, Inc. (AMEX: FCB) (the "Company"), the holding company for Falmouth Co-operative Bank (the "Bank") announced today the Company's results of operations for the first quarter ended December 31, 1998.
The Company reported net earnings of $172,000 or $0.13 diluted earnings per share for the three months ended December 31, 1998, as compared to $348,000 or $0.25 basic and diluted earnings per share for the same period in 1997. During 1998, the Company initiated its stock buy-back program and purchased 67,272 shares of its common stock, leaving 1,387,478 shares issued and outstanding as of December 31, ...