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Article: City National Corporation Reports 16 Percent Increase in Earnings for the First Quarter of 1999.
- Article from:
- Business Wire
- Article date:
- April 14, 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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LOS ANGELES--(BUSINESS WIRE)--April 14, 1999--
City National Corporation (NYSE:CYN) today reported rect income per diluted common share was $0.55 compared with $0.46 per share for the first quarter of 1998 and $0.52 per share for the 1998 fourth quarter.
"For the 19th consecutive quarter, City National again delivered double-digit earnings growth," said Russell Goldsmith, CEO of City National Bank and City National Corporation.
"Wits -- net of the effect of integration expenses related to North American Trust Company -- was approximately $0.03 per diluted share.
Cash earnings for the first quarter of 1999 were $27.6 million, an ...