latest news releases from the newsroom
Lincoln Bancorp Announces First Quarter Results; Balance Sheet Repositioning For Future Earnings
PLAINFIELD, Ind., April 23, 2007 (PRIME NEWSWIRE) -- Lincoln Bancorp (Nasdaq:LNCB) (the "Company"), the holding company of Lincoln Bank (the "Bank"), announced today that the Company incurred a net loss for the first quarter ended March 31, 2007 of $425,000, or $.08 for both basic and diluted earnings per share. The loss was the result of the first step in a strategic restructuring of a portion of the balance sheet discussed in greater detail below. The after-tax loss recognized on this restructuring charge totaled $1,073,000 or $.21 for both basic and diluted earnings per share. This compared to net income for the comparable period in 2006 of $779,000, or $.15 for both basic and diluted earnings per share. Excluding this one time charge to the income statement for the first quarter of 2007, earnings would have been $649,000 or $.13 per share for both basic and diluted earnings per share.
Port of Houston Authority
PHA Commission Receives Results of 2006 Economic Impact Study
HOUSTON, April 23, 2007 (PRIME NEWSWIRE) -- The Port Commission of The Port of Houston Authority (PHA) received results of a study of the Port of Houston's economic impact, based on 2006 data and prepared by Martin Associates, showing a dramatic effect on the region, at its April 23 regular meeting. According to the report, in 2006, the Port of Houston impacted 785,049 jobs in Texas (including 198,983 direct, induced and indirect jobs), $117.6 billion of total economic activity in the state (including $8.1 billion in direct business revenue), and $3.7 billion of state and local taxes (including $1.3 billion of direct, induced and indirect state and local taxes). The full report, "The Local and Regional Economic Impacts of the Port of Houston, 2006," as well as a PowerPoint presentation highlighting the results, "The Economic Impact of the Port of Houston-2006," are available on the PHA Web site.