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Article: Mt. Diablo Bancshares Announces Record Earnings for 1998; Earnings Up 95 Percent for the Year, 254 Percent for Fourth Quarter.
- Article from:
- Business Wire
- Article date:
- February 2, 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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DANVILLE, Calif.--(BUSINESS WIRE)--Feb. 2, 1999--Mt. Diablo Bancshares, the holding company for Mt. Diablo National Bank, reported earnings of $595,554, or 49 cents per basic share, for the quarter ended Dec. 31, 1998, Chairman of the Board John J. (Jack) Hounslow announced today.
This compares to $168,120, or 16 cents per basic share, for the same period in 1997, he said.
Full-year 1998 earnings were $1,395,962, or $1.15 per basic share, compared to $714,319, or 68 cents per basic share, for 1997. This represents an increase of 95 percent in net income over the prior year, Hounslow added.
Total assets on Dec. 31, 1998, increased 60 percent, ...