Shareholder equity grew 51% year over year, March 09 to March 08. Tangible common equity to total tangible assets stands at 7.8%. For the quarterly results, go here and scroll down. For yesterday’s webcast, go here and sign in. And, yes, it did take TARP money:
On a fully diluted basis, earnings per common share from continuing operations were $.17 for the three months ended March 31, 2009, compared to $.30 for the same quarter last year. The effect of the TARP preferred stock dividends net of income earned on the TARP proceeds reduced earnings per share by $.03 for the three months ended March 31, 2009. Shares for the first quarter of 2009 were affected by the issuance of 4 million shares in September 2008.Â
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