ATLANTA, Oct. 24 /PRNewswire/ -- Premier Bancshares, Inc. (Amex: PMB) has
declared a quarterly cash dividend of $.10 per share. This dividend is
payable November 20, 1997, to stockholders of record on November 6, 1997.
Darrell D. Pittard, Chief Executive Officer, said, "This quarter's
dividend is eleven percent higher than the dividend paid last quarter. The
dividend increase was merited by the Company's strong performance in the third
quarter."
Premier Bancshares, Inc. reported record net earnings of $2,571,000, or
$.32 per share for the quarter. This compares to net earnings of $865,000, or
$.11 per share for the same period in 1996.
Year to date the Company reported earnings of $6,659,000, or $.82 per
share, as compared to $3,824,000, or $.48 per share for the nine months ended
September 30, 1996. This is an increase of 74% over the comparable period.
Premier Bancshares, Inc. assets at June 30, 1997, were $587,039,000, as
compared to assets of $490,891,000 at September 30, 1996.
Premier is a multi-bank holding company with 25 offices located in the
state of Georgia and 3 satellite mortgage lending offices in Mobile, Alabama;
Jacksonville, Florida; and Charleston, South Carolina.
SOURCE Premier Bancshares, Inc.
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CONTACT:
Michael E. Ricketson, Executive Vice
President and Chief Financial Officer, Premier Bancshares,
404-814-3090
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