In Brief: Firstier Earnings Dipped 2.4% in First Quarter

OMAHA - Firstier Financial, Inc., a $3.7 billion-asset bank holding company, said its net income for the first quarter was $13. 4 million, down 2.4% from the same period last year.

Earnings per share were unchanged at 72 cents.

Firstier said its first quarter results were affected by net interest margin compression caused by increased funding costs, offset by an increase in earning assets. Net interest income for the quarter was $33.2 million, compared with $33.7 million for the same period last year.

The company said that 1994 results have been restated to account for the acquisition of the Cornerstone Bank Group as a pooling of interests.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER