SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 17, 2006
Lakeland Financial Corporation
(Exact name of Registrant as specified in its charter)
|
Indiana |
0-11487 |
35-1559596 |
|
(State or other jurisdiction |
(Commission File Number) |
(IRS Employer |
|
Of incorporation) |
|
Identification No.) |
202 East Center Street, P.O. Box 1387, Warsaw, Indiana 46581-1387
(Address of principal executive offices) (Zip Code)
(574) 267-6144
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Solicitation material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)
Item 2.02. Results of Operations and Financial Condition
On July 17, 2006, Lakeland Financial Corporation issued a press release announcing its earnings for the six-months and three-months ended June 30, 2006. The news release is attached as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits
|
(c) |
Exhibits |
99.1 Press Release dated July 17, 2006
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
LAKELAND FINANCIAL CORPORATION
|
Dated: July 17, 2006 |
By: /s/David M. Findlay |
David M. Findlay
Chief Financial Officer
Exhibit 99.1
|
FOR IMMEDIATE RELEASE |
Contact: |
David M. Findlay |
| |||
|
|
Executive Vice President- | |||||
|
|
Administration and |
| ||||
|
|
Chief Financial Officer |
| ||||
|
|
(574) 267-9197 |
| ||||
STRONG PERFORMANCE POSTED BY LAKE CITY BANK
Record Income Reported for Second Quarter
Warsaw, Indiana (July 17, 2006) – Lakeland Financial Corporation (Nasdaq/LKFN), parent company of Lake City Bank, today reported record quarterly net income of $4.8 million for the second quarter of 2006. Net income increased 9% over the $4.4 million reported for the second quarter of 2005. Diluted net income per share for the quarter was $0.39 versus $0.36 for the comparable period of 2005. Net income for the six months ended June 30, 2006 was a record $9.4 million, an increase of 12%, versus $8.5 million for the six months ended June 30, 2005. Diluted net income per common share was $0.76 for the six months ended June 30, 2006, versus $0.69 for the six months ended June 30, 2005.
The Company also announced that the Board of Directors approved a cash dividend for the second quarter of $0.125 per share, payable on August 7, 2006 to shareholders of record as of July 25, 2006. The quarterly dividend represents a 9% increase over the quarterly dividends paid in 2005.
Michael L. Kubacki, Chairman, President and Chief Executive Officer, commented, “Led by very strong loan growth in the quarter, we are pleased with our results. We’ve generated $78 million of loan growth in our Northern Indiana footprint during 2006, an increase of more than 6% since year end 2005. This exceptional level of growth reflects the ongoing success Lake City Bank is having in our expanding markets.”
Average total loans for the second quarter of 2006 were $1.253 billion versus $1.061 billion during the second quarter of 2005, an increase of 18%. Total loans as of June 30, 2006 were $1.276 billion, an increase of $51.1 million, versus $1.225 billion as of March 31, 2006. Total loans as of June 30, 2005 were $1.094 billion.
Kubacki observed, “We further benefited from healthy fee growth during the quarter, with noninterest income of $4.8 million representing a linked quarter increase of 8% over the first quarter of 2006 led by a 14% increase in service charges on deposit accounts. In addition, our Wealth Advisory and Investment departments combined for an increase of 11% growth versus the first quarter of 2006. For the first six months, fee income is up 11% versus the same period in 2005. Our strategy, which emphasizes aggressive and effective cross selling of fee-based services, is clearly producing results.”
Kubacki further commented, “With a challenging interest rate environment impacting our net interest margin, our ability to maintain the growth of fee revenue while at the same time tightly managing our expense structure will be critical to our performance for the balance of 2006. We’ve consistently managed our noninterest expense growth to be at or below 5% and 2006’s performance is continuing that trend.”
Lakeland Financial’s allowance for loan losses as of June 30, 2006 was $13.8 million, compared to $13.2 million as of March 31, 2006 and $11.7 million as of June 30, 2005. Non-performing assets totaled $6.7
1
million as of June 30, 2006 versus $7.0 million as of March 31, 2006 and $9.2 million on June 30, 2005. The ratio of non-performing assets to loans was 0.52% on June 30, 2006 compared to 0.58% at March 31, 2006 and 0.84% at June 30, 2005. Net charge offs totaled $81,000 in the second quarter of 2006, versus net recoveries of $9,000 during the first quarter of 2006, and net charge offs of $54,000 in the second quarter of 2005.
Kubacki added, “The historical quality of our loan portfolio is reflected in the low level of loan charge offs, which totaled only $72,000, or 0.01% of average loans, during the first six months of the year. The Lake City Bank commercial and retail lending teams have done an excellent job managing the risks inherent in our portfolio.”
For the three months ended June 30, 2006, Lakeland Financial’s average equity to average assets ratio was 7.07% compared to 7.16% for the first quarter of 2006 and 7.27% for the second quarter of 2005. Average stockholders' equity for the quarter ended June 30, 2006 was $119.4 million versus $116.0 million for the first quarter of 2006 and $106.6 million for the second quarter of 2005. Average total deposits were $1.382 billion for the second quarter of 2006, versus $1.275 billion for the first quarter of 2006 and $1.130 billion for the second quarter of 2005.
Lakeland Financial Corporation is a $1.7 billion bank holding company headquartered in Warsaw, Indiana. Lake City Bank serves Northern Indiana with 43 branches located in the following Indiana counties: Kosciusko, Elkhart, Allen, St. Joseph, DeKalb, Fulton, Huntington, LaGrange, Marshall, Noble, Pulaski and Whitley.
Lakeland Financial Corporation may be accessed on its home page at www.lakecitybank.com. The Company’s common stock is traded on the Nasdaq Stock Market under “LKFN”. Market makers in Lakeland Financial Corporation common shares include Automated Trading Desk, LLC, Citadel Derivatives Group, LLC, Citigroup Global Market Holdings, Inc., E*Trade Capital Markets LLC, FTN Midwest Securities Corp., Goldman Sachs & Company, Howe Barnes Investments, Inc., Keefe, Bruyette & Woods, Inc., Knight Equity Markets, L.P., Lehman Brothers Inc., Morgan Stanley & Co., Inc., Stifel Nicolaus & Company, Inc., Susquehanna Capital Group and UBS Securities LLC.
This document contains, and future oral and written statements of the Company and its management may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, plans, objectives, future performance and business of the Company. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of the Company’s management and on information currently available to management, are generally identifiable by the use of words such as “believe,” “expect,” “anticipate,” “plan,” “intend,” “estimate,” “may,” “will,” “would,” “could,” “should” or other similar expressions. Additionally, all statements in this document, including forward-looking statements, speak only as of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events.
A number of factors, many of which are beyond the ability of the Company to control or predict, could cause actual results to differ materially from those in its forward-looking statements. These factors include, among others, the following: (i) the strength of the local and national economy; (ii) the economic impact of past and any future terrorist attacks, acts of war or threats thereof and the response of the United States to any such attacks and threats; (iii) changes in state and federal laws, regulations and governmental policies concerning the Company’s general business; (iv) changes in interest rates and prepayment rates of the Company’s assets; (v) increased competition in the financial services sector and the inability to attract new customers; (vi) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (vii) the loss of key executives or employees; (viii) changes in consumer spending; (ix) unexpected results of acquisitions; (x) unexpected outcomes of existing or new litigation involving the Company; and (xi) changes in accounting policies and practices. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Additional information concerning the Company and its business, including additional factors that could materially affect the Company’s financial results, is included in the Company’s filings with the Securities and Exchange Commission.
2
LAKELAND FINANCIAL CORPORATION
SECOND QUARTER 2006 FINANCIAL HIGHLIGHTS
(Unaudited – Dollars in thousands except share and Per Share Data)
|
|
Three Months Ended |
|
Six Months Ended |
| ||||||
|
|
Jun. 30, |
|
Mar. 31, |
|
Jun. 30, |
|
Jun. 30, |
|
Jun. 30, |
|
|
|
2006 |
|
2006 |
|
2005 |
|
2006 |
|
2005 |
|
|
END OF PERIOD BALANCES |
|
|
|
|
|
|
|
|
|
|
|
Assets |
$ 1,727,561 |
|
$ 1,644,143 |
|
$ 1,538,615 |
|
$ 1,727,561 |
|
$ 1,538,615 |
|
|
Deposits |
1,408,080 |
|
1,319,745 |
|
1,125,872 |
|
1,408,080 |
|
1,125,872 |
|
|
Loans |
1,276,310 |
|
1,225,179 |
|
1,094,048 |
|
1,276,310 |
|
1,094,048 |
|
|
Allowance for Loan Losses |
13,792 |
|
13,236 |
|
11,724 |
|
13,792 |
|
11,724 |
|
|
Common Stockholders’ Equity |
120,344 |
|
117,330 |
|
108,456 |
|
120,344 |
|
108,456 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AVERAGE BALANCES |
|
|
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
$ 1,688,679 |
|
$ 1,620,670 |
|
$ 1,466,900 |
|
$ 1,654,862 |
|
$ 1,441,743 |
|
|
Earning Assets |
1,567,698 |
|
1,504,381 |
|
1,354,199 |
|
1,536,214 |
|
1,329,794 |
|
|
Investments |
292,305 |
|
291,635 |
|
286,638 |
|
291,972 |
|
286,307 |
|
|
Loans |
1,252,919 |
|
1,205,849 |
|
1,061,289 |
|
1,229,514 |
|
1,035,591 |
|
|
Liabilities and Stockholders’ Equity |
|
|
|
|
|
|
|
|
|
|
|
Total Deposits |
1,382,497 |
|
1,275,089 |
|
1,129,776 |
|
1,329,090 |
|
1,119,719 |
|
|
Interest Bearing Deposits |
1,159,398 |
|
1,058,234 |
|
906,288 |
|
1,109,096 |
|
899,812 |
|
|
Interest Bearing Liabilities |
1,333,186 |
|
1,275,129 |
|
1,127,307 |
|
1,304,318 |
|
1,107,136 |
|
|
Common Stockholders’ Equity |
119,400 |
|
116,006 |
|
106,600 |
|
117,712 |
|
105,121 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INCOME STATEMENT DATA |
|
|
|
|
|
|
|
|
|
|
|
Net Interest Income |
$ 13,009 |
|
$ 12,813 |
|
$ 12,504 |
|
$ 25,822 |
|
$ 24,355 |
|
|
Net Interest Income-Fully Tax Equivalent |
13,294 |
|
13,106 |
|
12,804 |
|
26,398 |
|
24,955 |
|
|
Provision for Loan Losses |
639 |
|
453 |
|
662 |
|
1,092 |
|
1,120 |
|
|
Noninterest Income |
4,794 |
|
4,445 |
|
4,218 |
|
9,239 |
|
8,337 |
|
|
Noninterest Expense |
9,854 |
|
9,750 |
|
9,298 |
|
19,604 |
|
18,661 |
|
|
Net Income |
4,782 |
|
4,650 |
|
4,404 |
|
9,432 |
|
8,459 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PER SHARE DATA |
|
|
|
|
|
|
|
|
|
|
|
Basic Net Income Per Common Share |
$ 0.40 |
|
$ 0.39 |
|
$ 0.37 |
|
$ 0.78 |
|
$ 0.71 |
|
|
Diluted Net Income Per Common Share |
0.39 |
|
0.38 |
|
0.36 |
|
0.76 |
|
0.69 |
|
|
Cash Dividends Declared Per Common Share |
0.125 |
|
(1)
|
|
0.115 |
|
0.125(1) |
|
0.23 |
|
|
Book Value Per Common Share (equity per share issued) |
9.96 |
|
9.74 |
|
9.09 |
|
9.96 |
|
9.09 |
|
|
Market Value – High |
24.29 |
|
23.38 |
|
20.38 |
|
24.29 |
|
20.69 |
|
|
Market Value – Low |
20.47 |
|
19.90 |
|
17.50 |
|
19.90 |
|
17.50 |
|
|
Basic Weighted Average Common Shares Outstanding |
12,065,143 |
|
12,013,830 |
|
11,907,662 |
|
12,039,628 |
|
11,890,298 |
|
|
Diluted Weighted Average Common Shares Outstanding |
12,365,933 |
|
12,340,770 |
|
12,259,206 |
|
12,353,954 |
|
12,261,874 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
KEY RATIOS |
|
|
|
|
|
|
|
|
|
|
|
Return on Average Assets |
1.14 |
% |
1.16 |
% |
1.20 |
% |
1.15 |
% |
1.18 |
% |
|
Return on Average Common Stockholders’ Equity |
16.06 |
|
16.26 |
|
16.57 |
|
16.16 |
|
16.23 |
|
|
Efficiency (Noninterest Expense / Net Interest Income |
|
|
|
|
|
|
|
|
|
|
|
plus Noninterest Income) |
55.35 |
|
56.49 |
|
55.60 |
|
55.91 |
|
57.08 |
|
|
Average Equity to Average Assets |
7.07 |
|
7.16 |
|
7.27 |
|
7.11 |
|
7.29 |
|
|
Net Interest Margin |
3.40 |
|
3.53 |
|
3.78 |
|
3.46 |
|
3.78 |
|
|
Net Charge Offs to Average Loans |
0.03 |
|
0.00 |
|
0.02 |
|
0.01 |
|
0.03 |
|
|
Loan Loss Reserve to Loans |
1.08 |
|
1.08 |
|
1.07 |
|
1.08 |
|
1.07 |
|
|
Nonperforming Assets to Loans |
0.52 |
|
0.58 |
|
0.84 |
|
0.52 |
|
0.84 |
|
|
Tier 1 Leverage |
8.87 |
|
9.01 |
|
9.19 |
|
8.87 |
|
9.19 |
|
|
Tier 1 Risk-Based Capital |
10.90 |
|
11.05 |
|
11.02 |
|
10.90 |
|
11.02 |
|
|
Total Capital |
11.90 |
|
12.05 |
|
11.99 |
|
11.90 |
|
11.99 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ASSET QUALITY |
|
|
|
|
|
|
|
|
|
|
|
Loans Past Due 90 Days or More |
$ 46 |
|
$ 117 |
|
$ 2,542 |
|
$ 46 |
|
$ 2,542 |
|
|
Non-accrual Loans |
6,614 |
|
6,926 |
|
6,665 |
|
6,614 |
|
6,665 |
|
|
Net Charge Offs/(Recoveries) |
81 |
|
(9) |
|
54 |
|
72 |
|
150 |
|
|
Other Real Estate Owned |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Other Nonperforming Assets |
0 |
|
6 |
|
15 |
|
15 |
|
15 |
|
|
Total Nonperforming Assets |
6,660 |
|
7,049 |
|
9,221 |
|
6,660 |
|
9,221 |
|
(1) Cash dividend of $0.125 declared on April 11, 2006 and July 11, 2006
3
LAKELAND FINANCIAL CORPORATION
CONSOLIDATED BALANCE SHEETS
As of June 30, 2006 and December 31, 2005
(in thousands)
|
|
June 30, |
|
December 31, |
|
|
2006 |
|
2005 |
|
|
(Unaudited) |
|
|
|
ASSETS |
|
|
|
|
Cash and due from banks |
$ 74,402 |
|
$ 77,387 |
|
Short-term investments |
22,981 |
|
5,292 |
|
Total cash and cash equivalents |
97,383 |
|
82,679 |
|
|
|
|
|
|
Securities available for sale (carried at fair value) |
288,625 |
|
290,935 |
|
Real estate mortgages held for sale |
765 |
|
960 |
|
|
|
|
|
|
Loans, net of allowance for loan losses of $13,792 and $12,774 |
1,262,518 |
|
1,185,956 |
|
|
|
|
|
|
Land, premises and equipment, net |
24,232 |
|
24,563 |
|
Bank owned life insurance |
20,133 |
|
19,654 |
|
Accrued income receivable |
7,645 |
|
7,416 |
|
Goodwill |
4,970 |
|
4,970 |
|
Other intangible assets |
930 |
|
1,034 |
|
Other assets |
20,360 |
|
16,446 |
|
Total assets |
$ 1,727,561 |
|
$ 1,634,613 |
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
Noninterest bearing deposits |
$ 248,159 |
|
$ 247,605 |
|
Interest bearing deposits |
1,159,921 |
|
1,018,640 |
|
Total deposits |
1,408,080 |
|
1,266,245 |
|
|
|
|
|
|
Short-term borrowings |
|
|
|
|
Federal funds purchased |
6,500 |
|
43,000 |
|
Securities sold under agreements to repurchase |
96,822 |
|
91,071 |
|
U.S. Treasury demand notes |
2,528 |
|
2,471 |
|
Other short-term borrowings |
50,000 |
|
75,000 |
|
Total short-term borrowings |
155,850 |
|
211,542 |
|
|
|
|
|
|
Accrued expenses payable |
11,672 |
|
10,423 |
|
Other liabilities |
642 |
|
2,095 |
|
Long-term borrowings |
45 |
|
46 |
|
Subordinated debentures |
30,928 |
|
30,928 |
|
Total liabilities |
1,607,217 |
|
1,521,279 |
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS' EQUITY |
|
|
|
|
Common stock: 180,000,000 shares authorized, no par value |
|
|
|
|
12,077,258 shares issued and 11,995,124 outstanding as of June 30, 2006 |
|
|
|
|
11,972,108 shares issued and 11,894,684 outstanding as of December 31, 2005 |
1,453 |
|
1,453 |
|
Additional paid-in capital |
15,751 |
|
14,287 |
|
Retained earnings |
110,251 |
|
102,327 |
|
Accumulated other comprehensive loss |
(6,094) |
|
(3,814) |
|
Treasury stock, at cost (2006 - 82,134 shares, 2005 - 77,424 shares) |
(1,017) |
|
(919) |
|
Total stockholders' equity |
120,344 |
|
113,334 |
|
Total liabilities and stockholders' equity |
$ 1,727,561 |
|
$ 1,634,613 |
4
LAKELAND FINANCIAL CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
For the Three Months and Six Months Ended June 30, 2006 and 2005
(in thousands except for share data)
(unaudited)
|
|
Three Months Ended |
|
Six Months Ended | ||||
|
|
June 30, |
|
June 30, | ||||
|
|
2006 |
|
2005 |
|
2006 |
|
2005 |
|
NET INTEREST INCOME |
|
|
|
|
|
|
|
|
Interest and fees on loans |
|
|
|
|
|
|
|
|
Taxable |
$ 22,405 |
|
$ 16,154 |
|
$ 43,032 |
|
$ 30,667 |
|
Tax exempt |
74 |
|
40 |
|
132 |
|
85 |
|
Interest and dividends on securities |
|
|
|
|
|
|
|
|
Taxable |
2,437 |
|
2,364 |
|
4,998 |
|
4,636 |
|
Tax exempt |
595 |
|
587 |
|
1,202 |
|
1,174 |
|
Interest on short-term investments |
274 |
|
45 |
|
347 |
|
101 |
|
Total interest income |
25,785 |
|
19,190 |
|
49,711 |
|
36,663 |
|
|
|
|
|
|
|
|
|
|
Interest on deposits |
10,753 |
|
5,082 |
|
19,477 |
|
9,530 |
|
Interest on borrowings |
|
|
|
|
|
|
|
|
Short-term |
1,394 |
|
1,063 |
|
3,196 |
|
1,743 |
|
Long-term |
629 |
|
541 |
|
1,216 |
|
1,035 |
|
Total interest expense |
12,776 |
|
6,686 |
|
23,889 |
|
12,308 |
|
|
|
|
|
|
|
|
|
|
NET INTEREST INCOME |
13,009 |
|
12,504 |
|
25,822 |
|
24,355 |
|
|
|
|
|
|
|
|
|
|
Provision for loan losses |
639 |
|
662 |
|
1,092 |
|
1,120 |
|
|
|
|
|
|
|
|
|
|
NET INTEREST INCOME AFTER PROVISION FOR |
|
|
|
|
|
|
|
|
LOAN LOSSES |
12,370 |
|
11,842 |
|
24,730 |
|
23,235 |
|
|
|
|
|
|
|
|
|
|
NONINTEREST INCOME |
|
|
|
|
|
|
|
|
Wealth Advisory and investment brokerage fees |
1,007 |
|
791 |
|
1,912 |
|
1,519 |
|
Service charges on deposit accounts |
1,965 |
|
1,703 |
|
3,685 |
|
3,252 |
|
Loan, insurance and service fees |
625 |
|
496 |
|
1,198 |
|
962 |
|
Merchant card fee income |
568 |
|
629 |
|
1,148 |
|
1,165 |
|
Other income |
507 |
|
392 |
|
1,020 |
|
988 |
|
Net gains on sales of real estate mortgages held for sale |
178 |
|
207 |
|
330 |
|
451 |
|
Net securities gains (losses) |
(56) |
|
0 |
|
(54) |
|
0 |
|
Total noninterest income |
4,794 |
|
4,218 |
|
9,239 |
|
8,337 |
|
|
|
|
|
|
|
|
|
|
NONINTEREST EXPENSE |
|
|
|
|
|
|
|
|
Salaries and employee benefits |
5,525 |
|
5,027 |
|
11,014 |
|
10,173 |
|
Net occupancy expense |
612 |
|
675 |
|
1,221 |
|
1,331 |
|
Equipment costs |
460 |
|
491 |
|
915 |
|
1,008 |
|
Data processing fees and supplies |
593 |
|
571 |
|
1,143 |
|
1,129 |
|
Credit card interchange |
388 |
|
388 |
|
746 |
|
716 |
|
Other expense |
2,276 |
|
2,146 |
|
4,565 |
|
4,304 |
|
Total noninterest expense |
9,854 |
|
9,298 |
|
19,604 |
|
18,661 |
|
|
|
|
|
|
|
|
|
|
INCOME BEFORE INCOME TAX EXPENSE |
7,310 |
|
6,762 |
|
14,365 |
|
12,911 |
|
Income tax expense |
2,528 |
|
2,358 |
|
4,933 |
|
4,452 |
|
NET INCOME |
$ 4,782 |
|
$ 4,404 |
|
$ 9,432 |
|
$ 8,459 |
|
BASIC WEIGHTED AVERAGE COMMON SHARES |
12,065,143 |
|
11,907,662 |
|
12,039,628 |
|
11,890,298 |
|
BASIC EARNINGS PER COMMON SHARE |
$ 0.40 |
|
$ 0.37 |
|
$ 0.78 |
|
$ 0.71 |
|
DILUTED WEIGHTED AVERAGE COMMON SHARES |
12,365,933 |
|
12,259,206 |
|
12,353,954 |
|
12,261,874 |
|
DILUTED EARNINGS PER COMMON SHARE |
$ 0.39 |
|
$ 0.36 |
|
$ 0.76 |
|
$ 0.69 |
5