Article: Independence Community Bank Corp. Reports a 33.3% Increase in Diluted Cash EPS for First Quarter.

Cash Earnings Increase by 36.2% for the First Quarter Ended June 30, 2000

NEW YORK, July 20 /PRNewswire/ --

Independence Community Bank Corp. (Nasdaq: ICBC), reported cash earnings for the first quarter of fiscal 2001 increased 36.2% to $21.2 million and increased 33.3% per diluted share to $0.36 compared to the first quarter in the prior fiscal year. Net income increased 21.2% to $14.5 million for the quarter ended June 30, 2000 compared to $12.0 million for the quarter ended June 30, 1999. Diluted earnings per share increased 19.0% to $0.25 per share for the quarter ended June 30, 2000 compared to $0.21 per diluted share for the quarter ended June 30, 1999.

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