BWC Announces Earnings for Third Quarter & Year-to-Date 1997.WALNUT CREEK Walnut Creek, residential city (1990 pop. 60,569), Contra Costa co., W Calif., in the San Francisco Bay area; inc. 1914. It is the trade and shipping center of an extensive agricultural area where walnuts are among the major product. , Calif.--(BUSINESS WIRE)--Oct. 6, 1997--James L. Ryan, chief executive officer and chairman of the board of BWC BWC Biological Weapons Convention BWC Bureau of Workers Compensation BWC Best Workplaces for Commuters (EPA/DOT program promoting commuting efficiency) BWC Beauty Without Cruelty (skin care product company) Financial Corp. and its subsidiaries Bank of Walnut Creek and BWC Mortgage Services, announced net income for the first nine months of 1997 at $2,068,000 or $1.61 per share, compared to Year-to-Date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. 1996 income of $1,428,000 or $1.14 per share. The return on average assets for this nine-month period was 1.42%. Return on average equity was 15.87%. Net income for Third Quarter 1997 was $809,000 or $0.63 per share compared to $480,000 or $0.38 per share for the same period in 1996. Third Quarter 1997 earnings reflect a 1.53% return on average assets and a 17.88% return on average equity. Total assets of the Corporation at Sept. 30, 1997 were $218,234,000. Bank of Walnut Creek, an independent business bank in its seventeenth year of business, has an uninterrupted record of profits. The Bank is consistently recognized for its safety and soundness and was again named a Blue Ribbon blue ribbon denotes highest honor. [Western Folklore: Brewer Dictionary, 127] See : Prize Bank by Veribanc Inc. an independent industry consultant. The July 1997 issue of U.S. Banker ranked BWC in the Top-Performing Community Banks in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Bank's headquarters and main office are at 1400 Civic Drive, Walnut Creek. Additional branch offices are in Orinda, San Ramon San Ramon (Spanish for "Saint Raymond") may refer to one of the following places:
CONTACT: Bank of Walnut Creek, Walnut Creek James L. Ryan, 510/932-5353 Ext. 200 |
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