Capital Crossing Bank Announces Earnings Outlook For the Fourth Quarter.Business Editors BOSTON--(BUSINESS WIRE)--Nov. 21, 2000 Capital Crossing Bank (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 :CAPX CAPX Capital Expenditure(s) cAPX cytosolic ascorbate peroxidase CAPX Capital Expense(s) CAPX Customer Accessible Parts eXpress (Grove Cranes) ) (the "Bank") announced today that it expects that its earnings per share for the fourth quarter will be above the consensus estimate due to higher than anticipated levels of transactional income in the fourth quarter associated with loan payoffs and the sale of real estate and loans. At this time, the Bank is unable to quantify Quantify - A performance analysis tool from Pure Software. the amount by which it anticipates that its fourth quarter earnings will exceed the consensus estimate. As noted in earlier releases, the Bank's level of such income is difficult to predict and the anticipated level of transactional income for the fourth quarter of 2000 represents, to a certain extent, income that could have been realized in earlier or subsequent quarters had transactions occurred in such periods. Accordingly, the Bank does not consider the level of transactional income in the fourth quarter to be a departure from previously announced trends nor is it necessarily indicative of levels of transactional income for future periods. Capital Crossing Bank is a Massachusetts-chartered, FDIC-insured trust company that operates as a commercial bank. The Bank conducts business from its executive and main offices in Boston, a branch in Chestnut Hill, Massachusetts Located six miles west of downtown Boston, Massachusetts, Chestnut Hill is a wealthy suburban village notable for its stately old houses, scenic landscape, and the historic campus of Boston College. , its website at www.capitalcrossing.com and through its leasing subsidiary Dolphin Capital Corp. located in Moberly, Missouri Moberly is a city in Randolph County, Missouri, United States. The population was 11,945 at the 2000 census. The city was incorporated 1868. The Moberly Micropolitan Statistical Area consists of Randolph County. . This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding future events or financial performance. These statements are only predictions and actual events or results may differ materially. Factors which could cause such differences include the level of transactional income realized by the Bank as a result of loan payoffs and the sale of real estate and loans, changes in interest rates that adversely affect the Bank's business, the Bank's ability to successfully acquire loans at the same volume and the same yields as it has historically, material announcements by the Bank or its competitors, the level of the Bank's non-performing assets, the Bank's ability to successfully execute its Relationship Banking initiative as well as those other factors described in the Bank's filings with the Federal Deposit Insurance Corporation Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. . |
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