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高级商务英语口语讲义:第八讲(4) 银行宣布第四季度的收入

来源:慢速英语   时间:1970-01-01 08:00:00

Lesson Eight - Business News Reading 商业报刊阅读(4)
 American Pacific Bank Announces 4th Quarter Income Up 149%
美国太平洋银行宣布第四季度的收入

PORTLAND, Ore., Jan 23, 2002 (BUSINESS WIRE) -- David Chen, president and chief executive officer of American Pacific Bank (Nasdaq:AMPB), announced today that net income for the fourth quarter ended Dec. 31, 2001, rose 149.13% as compared to same quarter of 2000.
Net earnings after taxes for the fourth quarter of 2001 came to $221,516, or $0.15 per share, as compared to $88,916, or $0.07 per share, reported for the same period last year.

Net earnings after taxes for year-end 2001 came to $537,393, or $0.36 per share, an increase of 19.25% as compared to $450,635, or $0.35 per share, reported for the same period last year.

Net interest income for the fourth quarter ended Dec. 31, 2001, was $1,100,186 compared to $927,975 for the same quarter last year, an increase of 18.56%. Chen stated, "The Bank had an excellent quarter, facilitated by the decrease in interest expense and the continued strong demand in both construction lending and commercial real estate lending."

The Bank reduced its assets size from $78,627,079 at the end of fiscal 2000 to $75,748,871 at the end of 2001, a decrease of 3.66%. This decrease was the result of management's decision to not renew higher cost jumbo deposits at maturity. Total deposits decreased $5,774,502 or 9.12% during fiscal 2001 as compared to fiscal 2000.

Total loans decreased minimally from $71,893,189 in 2000 to $70,533,273 in 2001. This occurred because the Bank sold $12 million in commercial real estate in the second quarter of 2001 to ease the concentration in commercial real estate and increase overall liquidity.

The Bank continues to be well-capitalized with the leverage ratio at 8.93% and a risk-based capital ratio at 10.42%. The book value of the Bank's stock as of Dec. 31, 2001, was $4.59 as compared $4.19 per share at the end of fiscal 2000.

Chen added, "2002 will be an exciting year for our Bank. During fiscal 2001 we opened a branch in the Wood Village Wal-Mart store, and in late 2000 the Bank launched American Online Bank (www.apbank.com). We plan to build on these successes in the current year."

American Pacific Bank was formed in 1979 as an Oregon state chartered institution providing banking services to the rural communities of Aumsville and Mill City. Since that time, the Bank has grown into a metropolitan institution based in downtown Portland. Services to people living throughout Oregon and Southwest Washington include construction and commercial lending, permanent mortgages, business and consumer lending, credit card services and deposit services. The Bank's nation-wide secured credit card program has been rated by Cardtrak as one of the best credit card programs in the nation.

American Pacific Bank
Financial Results As of December 31, 2001, and December 31, 2000
                         Quarter     Quarter
                          Ended       Ended
                        12/31/01    12/31/00
                            $           $
                        Unaudited    Audited
                       -----------------------
Total Assets           75,748,871  78,627,079
Average Assets         78,576,397  65,879,469
Total Deposits         57,576,586  63,351,088
Total Loans (after Loan
 Loss Reserve)         70,533,273  71,893,189
Total Equity            6,782,287   6,154,096
Average Equity          6,472,973   5,721,281
Average No of shares    1,474,022   1,289,571
YearEnd Shares
 Outstanding            1,476,960   1,467,704
                       -----------------------
                         Quarter     Quarter       YTD         YTD
                          Ended       Ended       Ended       Ended
                        12/31/01    12/31/00    12/31/01    12/31/00
                            $           $           $           $
                                                Unaudited    Audited
                       -----------------------------------------------
Interest Income         1,728,675   1,904,095   7,377,498   6,708,414
Interest Expense         (628,489)   (976,120) (3,684,875) (3,119,466)
                       -----------------------------------------------
Net Interest Income     1,100,186     927,975   3,692,623   3,588,948
Provision for Loan
 Loss Reserve            (105,163)    (95,695)   (173,268)   (362,165)
Other Income              120,195     119,261     600,429     445,133
Other Expenses           (758,553)   (761,320) (3,246,785) (2,945,083)
                       -----------------------------------------------
Net Income Before Taxes   356,665     190,221     872,999     726,833
Income Tax Expense       (135,151)   (101,305)   (335,606)   (276,198)
                       -----------------------------------------------
Net Income                221,514      88,916     537,393     450,635
                       -----------------------------------------------
Per Share Data:
Earnings Per Share
 before taxes (average
 shares outstanding)        $0.24       $0.15       $0.59       $0.56
Earnings Per Share
 after taxes (average
 shares outstanding)        $0.15       $0.07       $0.36       $0.35
Book Value (based on
 ending shares
 outstanding)               $4.59       $4.19       $4.59       $4.19
                       ----------------------------------------------- 

CONTACT: American Pacific Bank David T. Chen, 503/221-5801

  1. Comparing to the 2001 annual earning growth of American Pacific Bank, is the 4th quarter growth so significant to the bank’s overall financial situation? Do you consider the title of 149% growth misleading or just a strategic propaganda?
  2. According to the business risk analysis, what are some of the factor that will result a decline/increase on Motorola’s earning in 2002?
  3. Imagine yourself being the CEO of Motorola. Using the following chart, draw a curve to show the expecting trend of your company’s earning in 2002. Explain to your group members on your thoughts.