FOR RELEASE ON
FEBRUARY 1, 2002
First National of Nebraska, Inc.
Omaha, Nebraska
2001 | 2000 | % Incr(Decr) | ||||||
|---|---|---|---|---|---|---|---|---|
| Net Income | $ | 80,839,000 | 105,477,000 | (23.4 | )% | |||
| Total Reported Assets | 9,752,261,000 | 9,283,314,000 | 5.1 | % | ||||
| Managed Assets | 11,590,283,000 | 10,776,352,000 | 7.6 | % | ||||
| Gross Revenue | 1,296,403,000 | 1,274,037,000 | 1.8 | % | ||||
| Basic Earnings per Share | 244.42 | 315.33 | (22.5 | )% | ||||
| Diluted Earnings per Share | 241.67 | 315.33 | (23.4 | )% | ||||
| ROE | 10.4 | % | 15.4 | % | ||||
| ROA | .9 | % | 1.2 | % | ||||
First National of Nebraska reported total net income of $80.8 million. Return on average assets was .9% while the return on average stockholders' equity was 10.4%. Total managed assets reached a new high of $11.6 billion, an increase of 7.6% over the prior year.
During 2001, First National acquired 21 credit card portfolios totaling $112.2 million. On January 31, 2002, First National closed on the acquisition of Castle Bancgroup, Inc., the parent company of Castle Bank, N.A., which serves customers through 10 banking offices in North Central Illinois. Additionally, new mortgage banking locations were opened in Texas and Colorado.
First National operates in 84 banking locations in Nebraska, Colorado, Kansas, South Dakota, Texas and Illinois and employs 6,449 associates.
