HF Bancorp Inc. Announces Quarterly Results; Provides Update Concerning Pending Acquisition by Temple-Inland Inc.
Business Wire › April 23, 1999
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HF Bancorp Inc. Announces Quarterly Results; Provides Update Concerning Pending Acquisition by Temple-Inland Inc.
HEMET, Calif.--(BUSINESS WIRE)--April 22, 1999--
Establishes Special Shareholders Meeting Date of June 10, 1999 Richard S. Cupp, president and chief executive officer of HF Bancorp Inc., the holding company for Hemet Federal Savings & Loan Association ("bank"), Thursday announced the company's financial results for the three months and nine months ended March 31, 1999. For the fiscal 1999 third quarter ended March 31, 1999, the company reported net income of $971 thousand, equivalent to $0.15 basic and diluted earnings per share. This compares with a loss of $464 thousand, or $0.07 basic and diluted loss per share, during the same period during the prior fiscal year. For the nine months ended March 31, 1999, the company generated net income of $1.27 million, equivalent to $0.20 basic and $0.19 diluted earnings per share. This compares with earnings of $765 thousand, or $0.12 basic and diluted earnings per share during the first nine months of the prior fiscal year. As previously announc...See the full content of this document
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