Community Savings Bankshares, Inc. Announces 13% Increase in Diluted Earnings Per Share for Third Quarter.
Business Wire › October 13, 2000
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Community Savings Bankshares, Inc. Announces 13% Increase in Diluted Earnings Per Share for Third Quarter.
Business Editors
NORTH PALM BEACH, Fla.--(BUSINESS WIRE)--Oct. 13, 2000 Community Savings Bankshares, Inc. ("Bankshares" or the "Company")(Nasdaq:CMSV) announced today that diluted earnings per share increased 13% to $0.18 for the quarter ended September 30, 2000 from $0.16 for the quarter ended September 30, 1999, primarily as a result of a decrease in the number of common shares outstanding which resulted from the Company's stock repurchase programs. Net income decreased $79,000, or 5%, for the third quarter of 2000 to $1.6 million, as compared to $1.7 million for the same quarter of 1999. Diluted earnings per share for the nine months ended September 30, 2000 was $0.59, a 26% increase from $0.47 for the same period in 1999, primarily as a result of the one-time $907,000 net gain from the termination of Community Savings, F. A.'s (the "Association") defined benefit plan recognized during 2000, ...See the full content of this document
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