|
|
Article: Premier Bancorp, Inc. Announces 73% Increase in First Quarter Earnings.
- Article from:
- Business Wire
- Article date:
- April 18, 2002
CopyrightCOPYRIGHT 2002 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)
|
Business Editors
DOYLESTOWN, Pa.--(BUSINESS WIRE)--April 18, 2002
Premier Bancorp, Inc. (AMEX:PPA), parent company of Premier Bank, headquartered in Doylestown, Pennsylvania announced today a 73% increase in net income for the first quarter ended March 31, 2002 over the same period in 2001.
Net income for the quarter ended March 31, 2002 was $802,000 or $.23 per common share on a diluted basis compared to $464,000 or $.14 per diluted share for the same period in 2001. Growth in the loan portfolio primarily fueled the increase in earnings. During the quarter, total assets grew $37 million or 8% to $488 million.
Both loans and deposits ...