Wednesday, October 19, 2005

My big question for the week
What will NREB report as earnings per share? I am predicting $0.397 cents per share. $0.38 again would not be good. Below $0.38 would be very bad. And what are the details? How many SBA loans did they have to sell to make the earnings come to the desired number? Has the net interest margin continued to shrink or has it stabilized? Are the new branches getting good deposit growth? The big national banks that have already announced earnings have had decent earnings but the details are not good. They have made profits from fees, asset sales or trading activity but their core banking has been lackluster. NREB is all about core banking.

Update: Good News. Northern Empire Bancshares Announces Third Quarter 2005 Net Income of $4.4 Million, $0.402 per diluted share, Up 20.8%.

2 Comments:

Anonymous Anonymous said...

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6:48 PM  
Anonymous Anonymous said...

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6:50 PM  

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