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Article: Southeast Banking Corporation announces results.
- Article from:
- PR Newswire
- Article date:
- April 12, 1989
CopyrightCOPYRIGHT 1989 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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**** REPEAT ****TO BUSINESS DESK:
SOUTHEAST BANKING CORPORATION ANNOUNCES RESULTS
MIAMI, April 12 /PRNewswire/ -- Southeast Banking Corporation (NYSE: STB) today reported record 1989 first quarter net income of $33.1 million and record primary earnings per common share of $1.04.
First quarter net income for the period ended March 31, 1989 increased 42 percent, compared with the $23.3 million reported for the same period last year. Primary earnings per common share increased 39 percent, compared with the 75 cents reported for the first quarter last year. On a fully diluted basis, earnings per common share were 97 cents, a 37 ...