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Alabama National BanCorporation Announces Earnings for Second Quarter.
Business Editors
BIRMINGHAM, Ala.--(BUSINESS WIRE)--July 16, 2003
Alabama National BanCorporation ("ANB") (NASDAQ:ALAB) today announced earnings for the quarter ended June 30, 2003.
ANB's results for the second quarter of 2003 produced diluted earnings per share of $0.80, compared to $0.69 in the second quarter of 2002, an increase of 14.9%. Net income of $10.2 million was up 15.7% from the 2002 second quarter. Second quarter 2003 return on average equity was 16.51% and return on average assets was 1.15%. Net revenue, defined as net interest income plus noninterest income (excluding securities and asset disposition gains and other nonrecurring ...
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