NEW YORK - Standard Federal Bank president and chairman Thomas R. Ricketts said the thrift holding company expects to report earnings of $3 a share for 1992, which includes 50 cents a share from a gain on the sale of mortgages.

Standard Federal earned $2.11 a share in 1991. For 1993, Mr. Ricketts projected operating earnings of $3.10 a share. The company, based in Troy, Mich., expects to continue raising its dividend as earnings improve and noted that any such increases would occur in January and July.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.