Alex. Brown earnings up 56% dividend raised

July 28, 1993

Alex. Brown Inc. said yesterday that its second-quarter earnings rose 56 percent as the Baltimore-based investment banker announced a 20 percent increase in its quarterly dividend.

The company earned $15 million on $130 million in revenues in the three months that ended June 25. The revenue figure was up 32 percent. Per-share net income was 95 cents.

The holding company for Alex. Brown & Sons Inc., the nation's oldest investment banking firm, increased its quarterly dividend 20 percent to 15 cents a share from 12.5 cents, payable Aug. 17 to shareholders of record Aug. 6.

Alex. Brown

.. .. .. .. .. .. .. .. ..Ticker .. .. .. .. .. ..Yesterday's

.. .. .. .. .. .. .. .. ..Symbol .. .. .. .. .. ..Cls. ..Chg.

.. .. .. .. .. .. .. .. .. .AB .. .. .. .. .. .. .. 22 3/4 . - 3/4

Period ended

June 25 .. .. .. .. .. ...2nd qtr... .. .Year ago .. ..Chg.

Revenue .. .. .. .. .. ..$130,016 .. .. .$98,860 .. .+31.5%

Net Income .. .. .. .. ...$15,001 .. .. ..$9,607 .. .+56.1%

Primary EPS .. .. .. .. .. .$0.95 .. .. ...$0.60 .. .+58.3%

.. .. .. .. .. .. .. .. .. .6 mos. .. ....Year ago .. ..Chg.

Revenue .. .. .. .. .. .. .$269,755 .. ...$223,015 ...+21.0%

Net Income .. .. .. .. .. ..$35,084 .. .. .$26,428 .. +32.8%

Primary EPS .. .. .. .. .. ..$2.23 .. .. ...$1.65 .. .+35.2%

Figures in thousands (except per share data.)

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