PMC CAPITAL REPORTS THIRD QUARTER RESULTS
PMC CAPITAL REPORTS THIRD QUARTER RESULTS NORTH MIAMI BEACH, Fla., Nov. 6 /PRNewswire/ -- PMC Capital,
Inc. (AMEX: PMC) reported net income for the third quarter ended Sept. 30, 1991 of $1,216,742 vs. $715,427 for the same period last year, an increase of 70.1 percent. Per share income for the same period of time was 17.7 cents vs. 13.5 cents, an increase in per share earnings of 31.1 percent. Revenues for the same period 1991 vs. 1990 were $2,274,428 and $1,569,697 respectively, an increase of 44.9 percent.
Net income for the nine months ended Sept. 30, 1991 was $3,091,145 vs. $1,934,077 for the same period last year, an increase of 59.8 percent. Per share income for the same period was 47.5 cents vs. 38.8 cents, an increase of 22.4 percent. Revenues for the nine months of 1991 were $6,070,340 vs. $4,348,053 for the same period of last year, an increase of 39.6 percent. PMC Capital's president, Lance B. Rosemore, stated that "as our portfolio investments have increased, our profitability and operating efficiency has kept pace. Our record earnings are a direct reflection upon our staff dedicated not only to careful underwriting criteria but also to quality portfolio management while maintaining stringent control of expenses. We continue to experience a large backlog of new loans in processing through the 7(a) government guaranteed loan program in our subsidiary First Western SBLC, Inc. The increase in our portfolio should result in continued earnings growth enabling us to continue our dividend performance. Our company has increased the dividend paid to the shareholders for the past five consecutive quarters." -0- 11/6/91 /CONTACT: Fred Rosemore, 305-933-5858 (Miami) or Andy Rosemore, 214-380-0044 (Dallas) both of PMC Capital, Inc./ (PMC) CO: PMC Capital, Inc. ST: Florida IN: SU: ERN MR-AW -- FL002 -- 1556 11/06/91 09:13 EST
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|Date:||Nov 6, 1991|
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