TITLE

Commerce's Margin Falls, But Hill Says It Will Steady

AUTHOR(S)
Kulikowski, Laurie
PUB. DATE
January 2006
SOURCE
American Banker;1/18/2006, Vol. 171 Issue 11, p18
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Net interest margin contraction dominated Commerce Bancorp Inc.'s fourth-quarter earnings call Tuesday. The $38.5 billion-asset company's margin shrank to 3.52%, off 15 basis points. Shelled with questions by analysts during a conference call, Vernon W. Hill 2d, the Cherry Hill, N.J., company's chairman and chief executive, said the hardest part is over and that the margin should stabilize this quarter.
ACCESSION #
19492129

 

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