BWC announces year end and fourth quarter 1994 earnings.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)--Jan. 10, 1995--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 subsidiary Bank of Walnut Creek, announced year end 1994 earnings of $1,175,000 or $1.33 per share compared to year end 1993 earnings of $847,000 or $1 per share. Net income for 1994 reflects a return on assets Return on assets (ROA) Indicator of profitability. Determined by dividing net income for the past 12 months by total average assets. Result is shown as a percentage. ROA can be decomposed into return on sales (net income/sales) multiplied by asset utilization (sales/assets). of .94% compared to 1993's ROA ROA See: Return on assets ROA See: Right of accumulation ROA See return on assets (ROA). of .75%. Return on equity for 1994 was 9.54% compared to 7.32% for the previous year. Fourth quarter 1994 earnings were $425,000 or 48 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. compared to $208,000 or 24 cents per share for the like period in 1993. Return on assets for fourth quarter 1994 was 1.31% compared to .71% for fourth quarter 1993. Fourth quarter 1994 return on equity was 13.58% with 7.08% for the like period in 1993. Bank of Walnut Creek, a community business bank with headquarters at 1400 Civic Drive, Walnut Creek, has branch offices in Orinda, San Ramon, Danville and Pleasanton. Recently Bauer Financial Reports Inc., an independent consulting firm, awarded Bank of Walnut Creek a five-star rating. The bank was named a Blue Ribbon Bank by Veribanc Inc. CONTACT: Bank of Walnut Creek Leland E. Wines, 510/932-5353 |
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