U. S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: November 15, 1996
Commission File Number 02-22606
BRITTON & KOONTZ CAPITAL CORPORATION
Mississippi 64-0665423
(State of Incorporation) (IRS Employer
Identification No.)
500 Main Street, Natchez, Mississippi 39120
Telephone: (601)445-5576
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BRITTON & KOONTZ CAPITAL CORPORATION
AND SUBSIDIARY
INDEX
Item 5. Third Quarter 1996 results and Declaration of Semi-Annual Dividend
SIGNATURE
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Britton & Koontz Capital Corporation
500 Main Street
P O Box 1407
Natchez, MS 39121
601-445-5576
601-445-2488 Fax
http://www.bkbank.com
[email protected]
FOR IMMEDIATE RELEASE: FOR MORE INFORMATION:
November 12, 1996 W. Page Ogden, President & CEO
for ticker BKBK Bazile R. Lanneau, Jr., Vice President
BRITTON & KOONTZ REPORTS THIRD QUARTER 1996 RESULTS AND
DECLARES SEMI-ANNUAL DIVIDEND
Natchez, Mississippi (November 12, 1996) - Britton & Koontz
Capital Corporation (Nasdaq/Symbol BKBK) today announced results
for the third quarter of 1996. Net income for the quarter was
$322 thousand compared to $571 thousand for the same period in
1995. Earnings per share amounted to $.73 in 1996 compared to
$1.29 in 1995.
Net income for the first nine months was $1.374 million
compared to $1.613 for the same period in 1995. Earnings per
share amounted to $3.10 in 1996 compared to $3.65 in 1995 on 443
thousand shares outstanding.
The primary reason for the lower third quarter earnings was
non-recurring expense. The most significant item was a $257
thousand one-time FDIC assessment on SAIF deposits acquired in
the 1993 merger with Natchez First Federal Savings Bank.
In addition to the release of third quarter results, the
Corporation also declared a semi-annual dividend of $1.20 per
share. The dividend is payable December 13 to shareholders of
record as of November 29, 1996. When added to the June dividend
of $.80 per share, the December dividend brings the total
dividend for 1996 to $2.00 per share. In 1995, the Corporation
paid $.75 in June and $1.15 in December for total dividends of
$1.90 per share.
Britton & Koontz Capital Corporation, headquartered in
Natchez, Mississippi, is the parent company of Britton & Koontz
First National Bank which operates three full service offices in
Natchez. As of September 30, 1996, the Company reported assets
of $151.4 million and equity of $16.4 million with 441,072
shares outstanding.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereto duly authorized.
BRITTON & KOONTZ CAPITAL CORPORATION
November 15, 1996 /s/ W. Page Ogden
W. Page Ogden
President and Chief Executive
Officer
