MASSBANK Corp. Announces Increase of 12.3% in Diluted Earnings Per Share for the Second Quarter 1999 and Increases Quarterly Dividend.
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MASSBANK Corp. Announces Increase of 12.3% in Diluted Earnings Per Share for the Second Quarter 1999 and Increases Quarterly Dividend.
READING, Mass.--(BUSINESS WIRE)--July 21, 1999--
MASSBANK Corp. (NASDAQ:MASB), the Holding Company for MASSBANK today reported consolidated net income for the second quarter 1999 of $2,866,000, or $0.85 in basic earnings per share, compared to net income of $2,706,000, or $0.76 in basic earnings per share in the second quarter of 1998. Diluted earnings per share in the recent quarter increased to $0.82 from $0.73 per share in the second quarter of last year, representing an increase of 12.3%. For the six months ended June 30, 1999, the Company repo...Try vLex for FREE for 3 days
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