Bank Mutual Corporation Reports First Quarter Earnings Increase.
Business Wire (April 17, 2002)
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Bank Mutual Corporation Reports First Quarter Earnings Increase.
Business Editors
MILWAUKEE--(BUSINESS WIRE)--April 17, 2002 Bank Mutual Corporation (Nasdaq:BKMU) reported a substantial increase in earnings for the first quarter of 2002 as compared to the first quarter of 2001. Net income was $6.3 million or $0.29 diluted earnings per share for the first quarter ended March 31, 2002, a 31.8% increase, as compared to $4.8 million or $0.22 diluted earnings per share for the first quarter of 2001. Earnings increased as a result of increased net interest margins, the elimination of the goodwill amortization and continued gains from the sales of loans. "We are very pleased with the increased earnings for the first quarter of 2002. This increase fits well within our long range plan of increased profitability and growth", stated Michael T. Crowley, Jr. Chairman and Chief Execu...Try vLex for FREE for 3 days
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