Wainwright Bank Reports 2Q Results
Wainwright Bank & Trust Company reported 2006 second quarter consolidated net income of $1,708,000 and diluted earnings per share of $.21 ($.22 per basic share). This report compares to consolidated net income of $1,847,000 and diluted earnings per share of $.21 ($.23 per basic share) for the quarter ended June 30, 2005. Jan A. Miller, President and CEO stated, “We are pleased with our performance in the first two quarters of 2006. The $3.4 million in net income represents a record level for Wainwright for the first six months of the year. Although we have experienced some recent loan payoffs, overall our loan portfolio has continued its solid growth in a highly competitive market over the past twelve months.” Consolidated net income for the six months ended June 30, 2006 is $3,393,000, slightly higher than the previous six-month record earnings of $3,371,000 for the same prior year period. Diluted earnings per share were $.41 for the six months ended June 30, 2006 ($.44 per basic share) compared to diluted earnings per share of $.39 for the six months ended June 30, 2005 ($.42 per basic share). The EPS amounts reflect the impact of stock repurchases made during the last twelve […]