Tamalpais Bancorp (TAMB) Announces Overall Positive Financial Results for Q4 and Full Year
Tamalpais Bancorp. today announced that for the fourth quarter 2008, net income totaled $850,000, or earnings per share (EPS) of $0.22. In the 2007's fourth quarter the company reported net income of $1,139,000, or EPS of $0.30. Net income for the full year of 2008 was $4,829,000, or EPS of $1.26, compared to net income of $4,209,000, or EPS of $1.07, in 2007, representing a 14.7% increase in net income and a 17.8% increase in EPS. According to the press release, the return on average shareholders’ equity was 9.18% in the fourth quarter and 13.74% for the full year of…