CityBank Announces Earnings for 2004 and the Quarter Ended December 31, 2004.
Business Wire › January 21, 2005
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CityBank Announces Earnings for 2004 and the Quarter Ended December 31, 2004.
LYNNWOOD, Wash. -- CityBank (Nasdaq:CTBK):
THE YEAR CityBank today announced results for the year ended December 31, 2004. Net income for 2004 was $19.0 million, compared with $19.3 million for 2003, reflecting a decrease of 1.6%. On a diluted per share basis, net income was $1.88 for the year, compared with $1.94 last year, reflecting a decrease of $.06 and 3.1%. As of December 31, 2004, compared to December 31, 2003, total assets grew to $667 million or 7.9%. CityBank's loans grew to $597 million or 15.7% while deposits grew to $421 million or 8.6%. The $81 million increase in the lo...See the full content of this document
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