Loyola Capital posts 16% rise in 3rd-quarter profit

October 21, 1992|By David Conn | David Conn,Staff Writer

Loyola Capital Corp., parent of Loyola Federal Savings Bank, reported a 16 percent rise in earnings in the third quarter, as the company reduced its real estate-related expenses compared with last year.

Those expenses, both the costs associated with foreclosed properties and losses from Loyola's homebuilding subsidiary, amounted to $1.5 million in the third quarter of 1991. But real estate investments added $109,000 to Loyola's earnings in the latest quarter, which ended Sept. 30.

Three months ended 9/30/92

. . ..........,. .Income. ................... Share

92. .............2,921,000. ................0.33

91.. .............2,523,000. ................0.28

% change............. +15.8.. .............. +17.9

Nine months ended 9/30/92

. ...................Income.................. Share

92................11,716,000..............1.33

91.................7,718,000..............0.85

% change................. +51.8...............+56.5

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.