Cardinal Financial Corporation Reports Second Quarter 2003 Profits; Assets Top $500 Million.
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Cardinal Financial Corporation Reports Second Quarter 2003 Profits; Assets Top $500 Million.
Business Editors
TYSON'S CORNER, Va.--(BUSINESS WIRE)--July 15, 2003 Cardinal Financial Corporation (NASDAQ:CFNL - Common, NASDAQ:CFNLP - Preferred) (the "Company"), parent company of Cardinal Bank N.A., located in Tyson's Corner, Virginia, today announced second quarter 2003 net income of $545,000, or $0.05 per common share, compared to a loss of $1.4 million, or $0.18 per common share, in the second quarter of 2002, representing an improvement of $1.9 million. The increase in net income is a result of improvements in net interest income and non-interest income and a decline in non-interest expense during the period. This quarterly result is presented after the effect of div...Try vLex for FREE for 3 days
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