Ups and Downs for First Federal Bancshares
by February 5, 2001 12:00 am 61 views
Earnings for First Federal Bancshares Inc.’s fourth quarter were down, but the company saw a 52-week stock high of $19 per share during the quarter ended Dec. 31.
The unitary savings and loan holding company for First Federal Bank of Arkansas FA, First Federal released its fourth-quarter earnings report Jan. 25.
Net income dropped 20 percent to $1.2 million, or 36 cents per share, from $1.5 million, or 40 cents per share, in the fourth quarter of 1999.
Year-end net income was down 11 percent from $6.3 million, or $1.57 per share, to $5.6 million, or $1.60 per share.
Larry J. Brandt, the company president, attributed the earnings decline to the “tightening of [the bank’s] net interest margin for the past year of increased interest rates.”