Alabama National BanCorporation reports record earnings.SHOAL CREEK Shoal Creek Golf and Country Club, located in Birmingham, Alabama, USA, is an invitation-only private golf club which opened in 1976. The course was designed by professional golfer Jack Nicklaus and is rated as the top golf course in the state[1]. , Ala.--(BUSINESS WIRE)--Jan. 30, 1995--Alabama National BanCorporation (Nasdaq:ALAB ALAB Atomic Safety and Licensing Appeal Board ) today announced record earnings for the year ended Dec. 31, 1994. ANB ANB American National Biography ANB American National Bank ANB Alaska Native Brotherhood ANB Arab National Bank ANb Agoraphobic Nosebleed (band) ANB Amarillo National Bank (Texas) earned $3.223 million, a 23% increase from $2.630 million in 1993. Net earnings for the fourth quarter also increased 23% to $838,000 compared with $683,000 during that same period in 1993. Earnings per share increased to $1.25 based on 2,578,812 average shares outstanding compared to $1.23 in 1993 based on 2,132,000 average shares outstanding. Earnings per share also increased in the fourth quarter to $.28 based on 2,932,111 average shares outstanding compared to $.27 in the fourth quarter of 1993 based on 2,460,000 average shares outstanding. Alabama National had total assets of $271 million at year end compared to $261 million in 1993. Total loans increased to $188 million in 1994 from $172 million in 1993. The Company's return on total assets Return on total assets The ratio of earnings available to common stockholders to total assets. for the year was 1.20% while return on stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. was 14.61%. James A. Taylor
FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks . These acquisitions added over $100 million in assets to the Company. In November, we completed our initial public offering of 1,300,000 shares of common stock. The proceeds of the offering allowed us to retire all of the Company's long-term indebtedness and retain additional proceeds for use in the acquisition of new financial institutions." Taylor continued, "Outstanding performances by each of our bank presidents contributed to our continued loan growth while maintaining excellent asset quality. Non-performing assets decreased to .85% in 1994 from .88% in 1993. The Company's net interest margin also increased in 1994 to 5.19% from 5.03% in 1993 which reflects our ability to maintain and increase interest income even in a rising interest rate environment. At year end, approximately 50% of our loans had a maturity of one year or less or repriced at least annually." Alabama National BanCorporation's subsidiary's include Gulf Bank in Orange Beach, Ala.; Alabama Exchange Bank in Tuskegee, Ala.; the Bank of Dadeville; First National Bank of Ashland; Citizens Bank of Talladega; and St. Clair Federal Savings Bank in Pell City, Ala. Alabama National BanCorporation trades on the Nasdaq national market system under the symbol "ALAB." Market makers include J.C. Bradford & Co., Raymond James  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . & Associates, Inc., Legg Mason Wood Walker, Inc. and Robinson-Humphrey Company, Inc. CONTACT: Alabama National BanCorporation, Shoal Creek Frank W. Whitehead, 205/995-8526 |
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