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SURETY CAPITAL CORPORATION REPORTS QUARTER OPERATING RESULTS

 FORT WORTH, Texas, March 12 /PRNewswire/ -- Surety Capital Corporation, a Fort Worth based bank holding company, today reported net income of $98,407 for the fourth quarter of 1992 and $16,427 for the first 12 months of 1992 compared to $(225,831) and $(590,312) for 1991. Earnings per share amounted to $.005 for the quarter and $.00 for the 12 months ending Dec. 31, 1992, compared to $(.018) and ($.05) respectively for 1991.
 C. Jack Bean, chairman of Surety Capital stated that "1992 represented Surety's turn around year. Beginning with the last quarter of 1992, surety has become a profitable, growing, well capitalized company. I believe that the prospects for profits and growth in 1993 are excellent, and Surety remains debt free."
 Surety Capital's assets were $30,963,843 at Dec. 31, 1992, up 15.2 percent from $26,876,851 a year earlier. Total stockholder's equity at Dec. 31, 1992 was $4,058,362 or $.21 per share up 24.4 percent from $3,262,795 at the same time in 1991. Total deposits were $26,840,275, up 15.0 percent from $23,334,905 in 1991.
 -0- 3/12/93
 /CONTACT: C. Jack Bean, chairman of the board of Surety Capital Corporation, 817-498-8154/


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

TS -- NY018 -- 5445 03/12/93 10:28 EST
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Publication:PR Newswire
Date:Mar 12, 1993
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