Extract
Compass Reports Record First Quarter 1999 Earnings.
BIRMINGHAM, Ala.--(BUSINESS WIRE)--April 15, 1999--
-- Quarterly net income reaches all-time high of $53.0 million -- Record EPS of $0.45, up 15% from the year-ago quarter -- Strong loan growth continues, up 18% from prior year levels -- Computer systems tested and certified Year 2000 Ready Compass Bancshares, Inc. (Nasdaq:CBSS) today reported record net income of $53.0 million for the first quarter of 1999, a 16 percent increase over the $45.6 million earned during the first quarter of 1998. For the same time period, diluted earnings per share (adjusted for the April 2, 1999, three-for-two stock split) increased 15 percent to a record $0.45 compared to $0.39 in the prior year. Retur...See the full content of this document
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