BSB Bancorp, Inc. Earns $6,228,000 in Fourth Quarter; $18,225,000 for 1999.

Business Wire (January 21, 2000)


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Headnotes:

Extract:

BSB Bancorp, Inc. Earns $6,228,000 in Fourth Quarter; $18,225,000 for 1999.

Business Editors

BINGHAMTON, N.Y.--(BUSINESS WIRE)--Jan. 21, 2000

BSB Bancorp, Inc. (NASDAQ/NMS:BSBN), holding company for BSB Bank &Trust Company, announced net income for the quarter ended December 31, 1999, of $6,228,000, compared to $5,659,000 for the same quarter in 1998, an increase of 10.1%.

Diluted earnings per share increased 10.9% for the quarter ended December 31, 1999 to $0.61, compared to $0.55 for the same period in 1998. Net income for the year ended December 31, 1999 was $21,525,000, or $2.09 per diluted share, before giving affect to non-recurring after-tax acquisition charges of $3,300,000, compared to its p...



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