ST. PAUL BANCORP EXPECTS RECORD EARNINGS
ST. PAUL BANCORP EXPECTS RECORD EARNINGS CHICAGO, Dec. 19 /PRNewswire/ -- St. Paul Bancorp, Inc.
(NASDAQ: SPBC), the holding company for St. Paul Federal Bank For Savings, today announced that, based upon preliminary indications, it expects to report record earnings for 1991, in the range of approximately $2 to $2.10 per share. St. Paul's financial performance can be attributed to the bank's weighted average interest spread being at the highest level in the bank's history. A combination of lower interest rates and effective asset liability management, as well as effective control of operating expenses, continue to have a positive effect on the bank's net income. The company's financial results for 1991 will be finalized and available for release no later than the week of Jan. 13, 1992.
St. Paul Bancorp, Inc., is the holding company for St. Paul Federal Bank For Savings, the third largest Illinois-based thrift institution. St. Paul Federal operates 37 retail banking offices throughout metropolitan Chicago and, through its subsidiaries, offers discount brokerage, insurance, and real estate development services. -0- 12/19/91 /CONTACT: Robert N. Parke of St. Paul Bancorp, 312-804-2360/ (SPBC) CO: St. Paul Bancorp, Inc. ST: Illinois IN: FIN SU: ERP
GK-FC -- NY017 -- 3754 12/19/91 09:48 EST
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|Date:||Dec 19, 1991|
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