Printer Friendly

F & C BANCSHARES, INC. REPORTS THIRD QUARTER EARNINGS

 PUNTA GORDA, Fla., April 12 /PRNewswire/ -- F & C Bancshares, Inc. (NASDAQ: FSCC) today reported that consolidated net earnings for the third quarter ended March 31, 1993, were $1,432,817, or $.43 per share, as compared to earnings of $807,797, or $.25 per share for the same period of 1992. Approximately $.08 earnings per share is attributed to a gain on the sale of government securities during the third quarter.
 Total assets as of March 31, 1993, were $420,945,450. Net income for the nine months ended March 31, 1993, was $3,338,002, or $1.01 per share, as compared to $2,539,239, or $.78 per share, for the same period of 1992. Cash dividends aggregating $2,092,707 were paid during the first, second and third quarters of fiscal 1993, and stockholder's equity increased $1,314,251 from $43,207,738 at June 30, 1992, to $44,521,989 at March 31, 1993. The 3,233,114 shares of common stock currently outstanding represent an approximate book value of $13.81 per share.
 F & C Bancshare's wholly owned subsidiary, First Federal Savings Bank of Charlotte County, continues to meet and exceed all the fully phased-in capital requirements mandated by the Financial Institutions Reform, Recovery and Enforcement Act of 1989. The savings bank is located in southwest Florida and operates seven offices which serve Charlotte and south Sarasota Counties.
 -0- 4/12/93
 /CONTACT: Linda A. Labor, corporate secretary of F & C Bancshares, 813-625-9114/
 (FSCC)


CO: F & C Bancshares, Inc. ST: Florida IN: FIN SU: ERN

JB-SS -- FL009 -- 4765 04/12/93 12:22 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 12, 1993
Words:269
Previous Article:TURKEY POINT NUCLEAR UNIT 4 BEGINS REFUELING
Next Article:GOV. CHILES PROCLAIMS MAY NATIONAL EGG MONTH IN FLORIDA
Topics:


Related Articles
CHARTER BANCSHARES REPORTS 1991 THIRD QUARTER EARNINGS OF $1,112,000; DECLARES $400,000 DIVIDEND
FIRST CITIZENS BANCSHARES REPORTS INCREASED EARNINGS FOR YEAR
FIRST CITIZENS REPORTS INCREASED THIRD QUARTER EARNINGS
/C O R R E C T I O N -- ROYAL BANCSHARES OF PENNSYLVANIA/(Correction Notice)
CITIZENS BANCSHARES, INC. ANNOUNCES 1995 RECORD EARNINGS
First Alliance Premier Bancshares, Inc., Announces 1996 Earnings
Southwest Bancshares, Inc. Announces Third Quarter Earnings of $1.1 Million With Earnings per Share of 38 Cents
National Penn Bancshares Reports Third Quarter Earnings
Royal Bancshares of Pennsylvania Reports 3rd Quarter Earnings
American Bancshares Reports Record Third Quarter, Nine Months; Assets Reach $270 Million As Growth Continues

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