Printer Friendly

STOCKHOLDERS OF CSF HOLDINGS, OWNER OF CITIZENS FEDERAL BANK, HEAR PREDICTION OF RECORD 1992 EARNINGS AT COMPANY ANNUAL MEETING

 STOCKHOLDERS OF CSF HOLDINGS, OWNER OF CITIZENS FEDERAL BANK,
 HEAR PREDICTION OF RECORD 1992 EARNINGS AT COMPANY ANNUAL MEETING
 MIAMI, April 22 /PRNewswire/ -- Stockholders of CSF Holdings, Inc., (NASDAQ-NMS: CSFCB) parent company of Citizens Federal Bank, heard good news today at their annual meeting of stockholders.
 Citizens Federal Bank is a $4.4 billion federal savings bank with operations in Florida, Illinois, Ohio, California and Virginia.
 Charles B. Stuzin, chairman and president of CSF Holdings, stated, "In my opinion, 1992 should be the most profitable year in our history. We continue to stay profitable by sticking to what we know best, which is running an innovative yet conservative financial institution. At the heart of our bank's lending philosophy lies an unrelenting commitment to superior quality, resulting in an extremely low ratio of non-performing loans to total assets."
 In 1991, CSF Holdings earned $12.8 million ($4.11 per share) after preferred stock dividends. At year-end, its regulatory capital ratios of 4.9 percent tangible, 6.8 percent core and 14.6 percent risk-based were well above requirements, and its non-performing loans were only 1.28 percent of assets.
 The company's stockholders re-elected Charles B. Stuzin, James M. Stuzin, Ruth E. Stuzin, Leo J. Adeeb, J.W. Barfield, Charles Hertzoff, Harvey Miller and Morton Trilling to the board of directors, and approved a new incentive stock option plan.
 -0- 4/22/92
 /CONTACT: Morton Trilling, executive vice president of CSF Holdings, Inc., 305-978-5454; or John K. Schulte of Schulte, Ross & Aguilar, 305-856-1442, for CSF Holdings, Inc./
 (CSFCB) CO: CSF Holdings, Inc. ST: Florida IN: FIN SU: ERP


AW-SS -- FL010 -- 1398 04/22/92 15:20 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 22, 1992
Words:275
Previous Article:JEFFERSON BANCORP ANNOUNCES DIVIDEND
Next Article:DAVID MAY II DIES; FORMER EXECUTIVE OF THE MAY DEPARTMENT STORES COMPANY


Related Articles
CSF HOLDINGS FIRST QUARTER EARNINGS REACH $10.1 MILLION; NET AFTER DIVIDENDS IS 10 TIMES THAT OF YEAR AGO, 71 PERCENT PRECEDING QUARTER
CSF HOLDINGS DECLARES 5-FOR-4 SPLIT IN FORM OF 25 PERCENT STOCK DIVIDEND
CSF HOLDINGS SECOND QUARTER EARNINGS UP FIVEFOLD TO $11.3 MILLION; RESTATED FIRST QUARTER NET INCREASED BY F.A.S.B. ACCOUNTING CHANGE
CSF HOLDINGS TO REDEEM $13.8 MILLION OF SUBORDINATED DEBT
CSF HOLDINGS DECLARES 3-FOR-2 SPLIT IN FORM OF 50 PERCENT STOCK DIVIDEND
CSF HOLDINGS THIRD QUARTER NET EARNINGS TRIPLE TO $11.2 MILLION; NINE MONTH NET EARNINGS REACH RECORD HIGH OF $40.3 MILLION
CSF HOLDINGS ANNUAL EARNINGS QUADRUPLE TO $48.7 MILLION; NET ATTAINS RECORD HIGHS FOR BOTH FOURTH QUARTER AND FISCAL YEAR
CSF HOLDINGS 1ST QUARTER NET EARNINGS NEARLY EQUAL RECORD-SETTING 1ST QUARTER LAST YEAR, EXCLUDING ONE-TIME ACCOUNTING CHANGE GAIN
MANAGEMENT OF CSF HOLDINGS PREDICTS STRONG 1993 NET EARNINGS
CSF HOLDINGS FOURTH QUARTER NET SLIGHTLY ABOVE YEAR AGO; ANNUAL EARNINGS SECOND HIGHEST IN COMPANY'S HISTORY

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters