Community Savings Bankshares, Inc. Announces 29% Increase in Diluted Earnings Per Share for First Quarter.
Business Wire › April 14, 2000
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Community Savings Bankshares, Inc. Announces 29% Increase in Diluted Earnings Per Share for First Quarter.
Business Editors
NORTH PALM BEACH, Fla.--(BUSINESS WIRE)--April 14, 2000 Community Savings Bankshares, Inc. ("Bankshares" or the "Company") (Nasdaq:CMSV) announced today that diluted earnings per share increased to $0.18, or 29%, for the quarter ended March 31, 2000 from $0.14 for the quarter ended March 31, 1999, partially as a result of the stock repurchase program. Net income increased $222,000, or 16%, for the first quarter of 2000 to $1.6 million, from $1.4 million in the same quarter of 1999. The increase in net income was primarily the result of an increase in net interest income, offset by an increase in non-interest expense. Interest income which totaled $15.5 m...See the full content of this document
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