First M&F Corp. reported today that net income for the quarter ended December 31, 2004 was US$2.640 million, or US$.58 basic and diluted earnings per share, compared to US$2.809 million, or US$.61 basic and diluted earnings per share for the fourth quarter of 2003.
Net income for 2004 was US$10.775 million, or US$2.37 basic and US$2.36 diluted earnings per share, compared to US$10.892 million, or US$2.36 basic and US$2.35 diluted earnings per share for 2003.
For the fourth quarter of 2004 the annualised return on assets was .93%, while return on equity was 9.34%. Comparatively, the return on assets for the fourth quarter of 2003 was 1.05%, with a return on equity of 10.15%. The return on assets for 2004 was .97%, while the return on equity was 9.62%.
