Bancorp Rhode Island, Inc. Announces Earnings Up 12.4 Percent, Reach $6.3 Million; Board Increases Dividend to $0.13 Per Share.
Business Wire › January 22, 2002
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Bancorp Rhode Island, Inc. Announces Earnings Up 12.4 Percent, Reach $6.3 Million; Board Increases Dividend to $0.13 Per Share.
Business Editors
PROVIDENCE, R.I.--(BUSINESS WIRE)--Jan. 22, 2002 Bancorp Rhode Island, Inc. (NASDAQ:BARI), the parent company of Bank Rhode Island, announced that its earnings for 2001 reached a record $6.3 million, up more than 12 percent over the previous year. The Company's diluted earnings per share (EPS) were $1.62, up from $1.49 in 2000. On a cash basis (excluding amortization of intangibles, net of taxes), diluted EPS reached $1.81 for the year, compared to $1.69 in 2000. Earnings for the quarter also hit a record,...See the full content of this document
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