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SURETY CAPITAL CORPORATION ANNOUNCES QUARTER OPERATING RESULTS

 FORT WORTH, Texas, Nov. 19 ~PRNewswire~ -- Surety Capital Corporation (NASDAQ: LOAN) a Fort Worth based bank holding company, today reported net income of $(64,896) for the third quarter of 1992 and $(81,982) for the first nine months of 1992 compared to $(219,746) and $(364,481) for 1991. Earnings per share amounted to ($0.00) for the quarter and ($0.00) for the nine months ending September, compared to ($.02) and ($.03) respectively for 1991.
 C. Jack Bean, chairman of Surety Capital stated that this significant improvement in earnings from prior years was the result of the company leaving its start up mode and entering a growth and earnings oriented phase.
 Surety Capital's assets were $31,414,526 at September 30, 1992, up 16.9 percent from $26,876,851 a year earlier. Total stockholder's equity at Sept. 30, 1992 was $4,008,547 or $.20 per share down 9 percent from $.22 at the same time in 1991. Total deposits were $27,329,749, up 18.4 percent from $23,334,905 in 1991.
 -0- 11~19~92
 ~CONTACT: C. Jack Bean, chairman of board of directors, Surety Capital Corporation, 817-498-8154~
 (LOAN)


CO: Surety Capital Corporation ST: Texas IN: FIN SU: ERN

KD -- NY074 -- 2923 11~19~92 12:55 EST
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Publication:PR Newswire
Date:Nov 19, 1992
Words:214
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