CIB Marine Bancshares, Inc. Announces 2001 First Quarter Earnings.Business Editors PEWAUKEE, Wis.--(BUSINESS WIRE)--April 24, 2001 CIB CIB abbr. Latin cibus (food) Marine Bancshares, Inc. today announced that net income for the first quarter ended March 31, 2001, was $5.6 million as compared to $3.9 million for the first quarter of 2000, an increase of 43.1%. Net income for the first quarter of 2001 includes a $0.7 million gain, net of taxes on the sale of securities. Diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of for the first quarter of 2001 were $0.33 as compared to $0.24 for the same period in 2000. As of March 31, 2001, total assets were $2.5 billion, total deposits were $2.0 billion and total 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 $202.8 million. At March 31, 2000, total assets, deposits and stockholders' equity were $2.0 billion, $1.7 billion and $168.4 million, respectively. The book value per share was $11.97 at March 31, 2001, as compared to $10.10 at March 31, 2000. CIB Marine Bancshares, Inc. is a multi-bank holding company which currently owns and operates five separately chartered banking organizations: Central Illinois Central Illinois is a region of the U.S. state of Illinois that consists of the entire central section of the state, divided in thirds from north to south. It is an area of mostly flat prairie. Bank with seventeen banking facilities located throughout central Illinois; CIB Bank CIB Bank is the fourth-biggest commercial bank in Hungary, and is to be merged with Inter-Európa Bank. This follows the 2007 merger of their respective Italian parent companies, Banca Intesa and Sanpaolo IMI to form Intesa Sanpaolo. - Chicago with thirteen banking facilities located in the Chicago metropolitan area “Chicagoland” redirects here. For for the racing venue, see Chicagoland Speedway. The Chicago metropolitan area is the metropolitan area associated with the city of Chicago in the United States. ; Marine Bank - Milwaukee with six banking facilities located in the Milwaukee metropolitan area; CIB Bank - Indiana with five banking facilities located in the Indianapolis metropolitan area; and Marine Bank - Omaha with one banking facility located in Omaha, Nebraska. |
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