CIB Marine Bancshares, Inc. Announces 2001 Second Quarter Earnings.Business Editors PEWAUKEE, Wis.--(BUSINESS WIRE)--July 24, 2001 CIB CIB abbr. Latin cibus (food) Marine Bancshares, Inc. today announced that net income for the second quarter ended June 30, 2001, increased 28.6% to $6.7 million, as compared to $5.2 million for the second quarter of 2000. Net income for the second quarter of 2001 includes a $0.3 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 increased 25.8% to $0.39 for the second quarter of 2001, as compared to $0.31 for the same period in 2000. Net income for the six months ended June 30, 2001, increased 34.8% to $12.3 million, as compared to $9.1 million for the first six months of 2000. Net income for the six months ended June 30, 2001, includes a $1.0 million gain, net of taxes, on the sale of securities. Diluted earnings per share, for the first six months of 2001 were $0.71 as compared to $0.54 for the first six months of 2000, representing a 31.5% increase. Total assets at June 30, 2001, were $2.5 billion, a 19.5% increase from total assets of $2.1 billion at June 30, 2000. Net loans increased 24.0% to $2.0 billion at June 30, 2001, from $1.6 billion at June 30, 2000. 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 $214.9 million at June 30, 2001, as compared to $177.2 million at June 30, 2000. The book value per share was $12.49 at June 30, 2001, as compared to $10.52 at June 30, 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 17 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 13 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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