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MARK TWAIN'S FIRST QUARTER INCOME INCREASES 52.4 PERCENT TO REACH RECORD HIGH

 MARK TWAIN'S FIRST QUARTER INCOME
 INCREASES 52.4 PERCENT TO REACH RECORD HIGH
 ST. LOUIS, April 15 /PRNewswire/ -- Mark Twain Bancshares (NASDAQ: MTWN) today announced a 52.4 percent increase in first quarter 1992 earnings from first quarter last year. Income from the first three months was $6.140 million and was a record quarterly total, exceeding by 3.1 percent the previous quarterly high set in the fourth quarter 1991.
 Primary earnings per share grew 33.3 percent for the quarter, compared to first quarter 1991 to total $0.68. Fully-diluted earnings per share increased 32.7 percent to total $0.65.
 Return on average assets was 1.15 percent in the first quarter, compared to 0.78 percent first quarter last year and 1.10 percent in the fourth quarter last year. Return on common shareholders' equity was 16.51 percent for the quarter, compared to 13.92 percent in first quarter last year and 16.16 percent in the fourth quarter last year.
 "We have worked hard to continue into 1992 the momentum in earnings growth that we had throughout 1991," said John P. Dubinsky, Mark Twain president and chief executive officer. "We are pleased to see that results for the first three months indicate that we are on track with this goal."
 Dubinsky said that Mark Twain's results were achieved by following the same three key principles it has focused on throughout the past four years: Maintain high quality assets, minimize increases in overhead expenses and maximize opportunities for growth of fee generating subsidiaries.
 "The more success we have, the more we become committed to these strategies," he said.
 Mark Twain's other income -- comprised primarily by the fee groups, bond, brokerage, mortgage and trust -- continued a double digit growth pattern started more than two years ago. The group collectively grew 19.4 percent in the first quarter, compared to first quarter 1991. Dubinsky said that the divisions were well ahead of their 1992 financial goals because of the strong first quarter.
 "We give these groups a lot of credit, but we are also fortunate that the stock and home-buying markets have been so strong early in 1992," Dubinsky said. "We have successfully taken advantage of these opportunities."
 Net interest income grew by 8.4 percent in the first quarter, compared to first quarter 1991. The increase was attributable to a 21-basis-point increase in net interest margin over the comparative period to total 4.43 percent in the first quarter 1992.
 Dubinsky said that the company's overall performance, highlighted by the first quarter 52.4 percent increase in net income, allowed it to raise the company's quarterly common stock dividend by 8.3 percent earlier this month. This increase, to $1.04 annually from $0.96, is the 25th increase in Mark Twain's 22 years as a public company.
 Mark Twain's loan quality remained in strong condition in the first quarter. Non-performing assets were 2.05 percent of total loans plus foreclosed real estate, compared to 2.55 percent in the first quarter 1991 and 2.00 percent at year-end 1991. Current industry averages are in the four-percent range.
 Following a significant increase in the reserve for loan losses account in 1991, which was a conservative response to a still-struggling economy, Mark Twain's account remained at the same level at quarter end as it did at year-end 1991. This level now represents 1.58 percent of total loans, compared to 1.29 percent in the first quarter 1991 and 1.52 percent in the fourth quarter 1991. It represents 112.99 percent of non-performing loans, compared to 81.0 percent in the first quarter 1991 and 146.4 percent in the fourth quarter 1991.
 Net charge-offs for the first quarter 1992 were 0.04 percent of total loans, compared to 0.11 percent in the first quarter 1991, and reflect Mark Twain's historically low levels in this category.
 "In addition to a strong loan portfolio in general, Mark Twain has traditionally been an exemplary collector," said Dubinsky. "This combination has contributed to a low level of losses for the company throughout our history."
 Mark Twain's assets grew 2.4 percent in the first quarter, compared to first quarter 1991, to total $2.184 billion. Loans totaled $1.457 billion and were 4.8 percent lower than at a year ago. Deposits were virtually unchanged at $1.847 billion.
 Also during the first quarter, Mark Twain added two members to its board of directors. They are Henry J. Givens, Jr., Ph.D., president of Harris-Stowe State College, and James J. Murphy, Jr., president of Murphy Company Mechanical Contractors and Engineers.
 Mark Twain Bancshares Inc., a 28-year-old bank holding company, operates 28 locations: 18 throughout St. Louis, St. Louis County and St. Charles County; as well as five in Kansas City, Mo., and five in Belleville and Edwardsville, Ill. Mark Twain also operates 43 brokerage locations in six states, including a substantial office in Chicago. Related financial services include: Mark Twain Bond Department; Mark Twain Brokerage Services, Inc.; Mark Twain Commercial Finance Division; Mark Twain International; Mark Twain Leasing Co.; Mark Twain Mortgage Co.; and Mark Twain Trust Division. Mark Twain stock is traded over-the- counter under the NASDAQ symbol MTWN.
 MARK TWAIN BANCSHARES INC. AND SUBSIDIARIES
 Condensed Consolidated Statement of Income
 For the three months ended
 March 31,
 1992 1991
 (in thousands of $ except for per share data)
 Interest From Earnings Assets
 Interest and fees on loans $31,791 $39,296
 Interest on mortgage loans held
 for resale 1,188 0
 Interest on investment securities
 Taxable 8,640 8,594
 Non-Taxable 124 163
 Interest on deposits with banks 6 116
 Interest on federal funds sold and
 securities purchased under resale
 agreements 81 135
 Total Interest Income 41,830 48,304
 Interest Expense
 Interest on deposits 18,787 26,095
 Interest on short-term
 borrowings 1,235 1,914
 Interest on long-term debt 518 651
 Total Interest Expense 20,540 28,660
 Net interest income 21,290 19,644
 Provision for loan losses 1,569 2,593
 Net Interest Income After Provision
 for Loan Losses 19,721 17,051
 Other Income
 Service charges on deposit
 accounts 1,890 1,292
 Securities gains 1,251 0
 Other 6,477 5,426
 Total Other Income 9,618 6,718
 Other Expenses
 Salaries 8,160 8,131
 Employee benefits 1,651 1,473
 Net occupancy expense 1,830 1,790
 Furniture and equipment
 expense 859 913
 Other 6,748 6,031
 Total Other Expenses 19,248 18,338
 Income Before Income Taxes 10,091 5,431
 Applicable income taxes 3,951 1,403
 Net Income $ 6,140 $ 4,028
 Net Income Per Share:
 Primary $.68 $.51
 Fully Diluted $.65 $.49
 Common Dividends Paid
 Per Share $.24 $.22
 MARK TWAIN BANCSHARES INC. AND SUBSIDIARIES
 Condensed Consolidated Statement Of Condition
 March 31, March 31, Dec. 31,
 1992 1991 1991
 (in thousands of $)
 Assets
 Cash and due from banks $ 87,900 $ 85,514 $ 102,361
 Interest bearing deposits with
 banks 575 5,539 575
 Federal funds sold and securities
 purchased under resale
 agreements 14,550 900 7,900
 Investment securities 411,960 401,821 446,118
 Mortgage loans held for resale 103,755 47,475
 Loans, net of allowance for loan
 losses of $23,333, $19,977 and
 $22,412, respectively 1,456,629 1,529,883 1,451,262
 Premises and equipment 26,757 17,409 26,773
 Accrued income receivable 15,295 20,665 16,946
 Other assets 66,489 71,885 70,999
 Total Assets $2,183,910 $2,133,616 $2,170,409
 Liabilities
 Non-interest bearing
 deposits $ 280,707 $ 243,973 $ 282,364
 Interest bearing deposits 1,566,344 1,605,074 1,561,990
 Total Deposits 1,847,051 1,849,047 1,844,354
 Short-term borrowings 125,468 107,778 120,008
 Other liabilities 31,809 26,582 29,883
 Long-term debt 26,665 31,515 27,369
 Total Liabilities 2,030,993 2,014,922 2,021,614
 Shareholders' Equity
 Common stock, $1.25 par value,
 authorized 14,000,000 shares,
 issued 9,406,523, 8,225,730
 and 9,405,265 shares,
 respectively 11,758 10,282 11,757
 Surplus 49,356 30,657 49,303
 Undivided profits 95,402 81,791 91,536
 156,516 122,730 152,596
 Less common treasury stock at
 cost, 436,058, 453,646 and
 449,062 shares respectively 3,599 4,036 3,801
 Total Shareholders' Equity 152,917 118,694 148,795
 Total Liabilities and
 Shareholders' Equity $2,183,910 $2,133,616 $2,170,409
 -0- 4/15/92
 /CONTACT: Kris Bakken of Mark Twain Bancshares Inc., 314-889-0781/
 (MTWN) CO: Mark Twain Bancshares Inc. ST: Missouri IN: FIN SU: ERN


MM -- SF009 -- 8814 04/15/92 14:58 EDT
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