Printer Friendly

ALLIED BANKSHARES, INC. DECLARES $.10 PER SHARE QUARTERLY CASH DIVIDEND

 ALLIED BANKSHARES, INC. DECLARES $.10 PER SHARE
 QUARTERLY CASH DIVIDEND
 THOMSON, Ga., July 16 /PRNewswire/ -- Boone A. Knox, chief executive officer of Allied Bankshares, Inc. (NASDAQ: ABGA), announced today that the company's board of directors had declared a regular quarterly cash dividend of $.10 per share payable on Aug. 31, to stockholders of record as of Aug. 14.
 "We have made considerable progress in reducing our nonperforming assets and improving the quality of our loan portfolio," said Knox. "Our net interest margin is improving due to lower interest rates. These factors, combined with after tax securities gains of $.06 per share recognized in the first half of 1992 set the stage for continued high performance during the second half of 1992."
 Nonperforming assets were $1.3 million at June 30, down from $2.1 million at March 31 and $2.7 million at Dec. 31, 1991.
 Allied previously reported that 1992 second quarter net income was $1.5 million or $.30 per share as compared to $954,000 or $.19 per share for the second quarter of 1991. For the first six months of 1992 net income was $2.6 million or $.52 per share as compared to $1.9 million or $.37 per share for the first six months of 1991.
 -0- 7/16/92
 /CONTACT: Ben O. Howell Jr., chief financial officer of Allied Bankshares, 404-595-1142/
 (ABGA) CO: Allied Bankshares, Inc. ST: Georgia IN: FIN SU: DIV


BR-EA -- AT013 -- 9976 07/16/92 16:47 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:Jul 16, 1992
Words:248
Previous Article:CLASS ACTION SUIT FILED IN WISCONSIN TRAIN DERAILMENT
Next Article:THE HENLEY GROUP AND HENLEY PROPERTIES INC. MERGE
Topics:


Related Articles
ALLIED BANKSHARES DECLARES 10 PERCENT STOCK DIVIDEND, $.10 PER SHARE QUARTERLY CASH DIVIDEND ON ALL SHARES INCLUDING NEW DIVIDEND SHARES
ALLIED BANKSHARES, INC. DECLARES $.10 PER SHARE QUARTERLY CASH DIVIDEND
ALLIED BANKSHARES, INC. DECLARES 10 PERCENT STOCK DIVIDEND AND INCREASES QUARTERLY CASH DIVIDEND BY 10 PERCENT
ALLIED BANKSHARES, INC. DECLARES $.10 PER SHARE CASH DIVIDEND
GEORGE MASON BANKSHARES, INC. DECLARES QUARTERLY CASH DIVIDEND
GEORGE MASON BANKSHARES, INC. DECLARES QUARTERLY CASH DIVIDEND
Commercial Bankshares, Inc. Declares Common Stock And Cash Dividends
George Mason Bankshares, Inc. Declares Quarterly Cash Dividend
George Mason Bankshares, Inc. Declares Quarterly Cash Dividend
Central Virginia Bankshares, Inc. Declares 18 Cent Regular Quarterly Dividend

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters