Question
As the Treasurer of NKU bank, you have been given the following information in $ thousands. Assume the year base is on a 365 day
As the Treasurer of NKU bank, you have been given the following information in $ thousands. Assume the year base is on a 365 day actual basis and it is the results are for the quarter ending 2Q 2022 (91 days). Calculate the Earnings per Share. Round up to the nearest whole decimal.
Total Average Assets = $8,830,176
Total Average Earning Assets = $8,087,848
Total Average Shareholders (Owners) Equity = $929,474
Interest Income = $90,354
Interest Expense = $14,542
Non-Interest Income = $16,938
Non-Interest Expense = $52,288
Provision for Loan Losses = $2,303
Net Income After Taxes = $30,506
Average Shares Outstanding = 62,180,744 (Actual)
Group of answer choices
$0.49
$0.50
$0.39
$0.48
$0.42
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