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NetBank Earnings Up 300% in 2nd Quarter.(Brief Article)
NetBank Inc. here has reported second-quarter 2002 net income of $6 million, compared with $779,000 for the same period last year. The company said it earned $0.12 per share in the quarter vs. $0.03 for the year-ago quarter, representing an increase of 300%.
However, the company did not include in its calculations the purchase accounting reversals related to its first-quarter acquisition of Resource Bancshares Mortgage Group Inc., or the non-operating charges and expenses resulting primarily from the strategic repositioning of the company's balance sheet.
Non-operating expenses and charges in the second quarter totaled $59.9 million on a pretax basis. Taking these costs into consideration, the company reported a net loss of $31.3 million, or $0.64 per share, for the quarter. This includes extraordinary pretax costs of $13.8 million related to the Resource Bancshares transaction booked in the first ...
- Resource Bancshares Mortgage Group, Inc., And Resource Bancshares Corporation...
- Press release article from: PR Newswire December 31, 1997 700+ words
...31 /PRNewswire/ -- Resource Bancshares Mortgage Group, Inc...Nasdaq: REMI), and Resource Bancshares Corporation announce today...Agreement, stockholders of Resource Bancshares Corporation will receive...
- Resource Bancshares Mortgage Group, Inc. and Walsh Securities Jointly Report...
- Press release article from: PR Newswire November 3, 1997 700+ words
...PRNewswire/ -- Resource Bancshares Mortgage Group...pending merger with Resource Bancshares Corporation and expects...merger in the fourth quarter of 1997." "At...mortgage handlers. Resource Bancshares Corporation is a...
- South Carolina-Based Resource Bancshares Mortgage Group to Expand Services.
- Newspaper article from: Knight Ridder/Tribune Business News December 11, 2001 700+ words
...Tribune Business News Dec. 11--Resource Bancshares Mortgage Group expects its business...Beginning in January, Columbia-based Resource Bancshares will provide mortgage products and...Douglas Freeman, chief executive of Resource Bancshares. Resource Mortgage Solutions...
- Resource Bancshares Mortgage Group, Inc. Issues Clarification
- Press release article from: PR Newswire October 1, 1996 700+ words
...C., Oct. 1 /PRNewswire/ -- Resource Bancshares Mortgage Group, Inc. ("RBMG...attributed to REMI was in fact issued by Resource Bancshares Corporation ("RBC"). RBC is...RBMG or RBC's ownership of RBMG. Resource Bancshares Mortgage Group, Inc., is engaged...
- RESOURCE BANCSHARES MORTGAGE GROUP, INC. REPORTS JULY PRODUCTION AND OPERATING...
- Press release article from: PR Newswire August 22, 1996 700+ words
...Aug. 22 /PRNewswire/ -- Resource Bancshares Mortgage Group, Inc. (Nasdaq...and foreclosures, was 2.70%. Resource Bancshares Mortgage Group, Inc., is engaged...correspondents, brokers and retail offices. Resource Bancshares Mortgage Group, Inc. (Nasdaq...
- Resource Bancshares Mortgage Group, Inc. Reports August Production And...
- Press release article from: PR Newswire September 19, 1996 700+ words
...Sept. 19 /PRNewswire/ -- Resource Bancshares Mortgage Group, Inc. (Nasdaq...and foreclosures, was 3.00%. Resource Bancshares Mortgage Group, Inc., is engaged...correspondents, brokers and retail offices. Resource Bancshares Mortgage Group, Inc. (Nasdaq...
- RESOURCE BANCSHARES MORTGAGE GROUP FILES REGISTRATION STATEMENT FOR COMMON...
- Press release article from: PR Newswire January 26, 1996 700+ words
...Jan. 26 /PRNewswire/ -- Resource Bancshares Mortgage Group, Inc. (Nasdaq...indebtedness owed by the Company to Resource Bancshares Corporation ("RBC"), which...million of the common stock offered. Resource Bancshares Mortgage Group, Inc. is engaged...
- Resource Bancshares Mortgage Group, Inc. Reports December Production And...
- Press release article from: PR Newswire January 16, 1997 700+ words
...Jan. 16 /PRNewswire/ -- Resource Bancshares Mortgage Group, Inc. (Nasdaq...and foreclosures, was 3.75%. Resource Bancshares Mortgage Group, Inc., is engaged...rights associated with such loans. Resource Bancshares Mortgage Group Selected Operating...