American Bancorp of Nevada reports first quarter 1995 earnings.LAS VEGAS--(BUSINESS WIRE)--April 13, 1995--American Bancorp of Nevada (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ABCN ABCN American Board of Clinical Neuropsychology ), parent company of American Bank of Commerce, has reported record earnings of $939,000, or 29 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. of common stock for the first quarter of 1995, President James V James V, king of Scotland James V, 1512–42, king of Scotland (1513–42), son and successor of James IV. His mother, Margaret Tudor, held the regency until her marriage in 1514 to Archibald Douglas, 6th earl of Angus, when she lost it to John . Bradham Thursday announced. This compares to income of $582,000, or 19 cents per share of common stock for the same period last year, restated to reflect a 15 percent stock dividend paid in 1994 and a 4-for-3 stock split announced in March 1995. Total assets for the quarter ended March 31, 1995, were $249,175,000. Assets for the comparable quarter of 1994 were $220,183,000. "The ongoing strength in the Southern Nevada economy continues to produce high quality growth and earnings for the bank," Bradham said. "Continuing loan demand has made a significant contribution to earnings." Shareholder equity for the quarter was $22,171,000, compared to $18,401,000 for the same period last year. American Bank of Commerce, established in 1979, serves the Southern Nevada business and professional community, focusing on construction and business lending. The bank has four branches in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. . CONTACT: America Bancorp of Nevada Robert E. Olson, 702/362-7222 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion