SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of the earliest event reported): January 26, 1996
Ryan, Beck & Co., Inc
.
(Exact name of registrant as specified in its charter)
New Jersey 0-14684 22-1773796
(State or other jurisdiction(Commission (IRS Employer
of incorporation File Number Identification No.)
80 Main Street, West Orange, New Jersey 07052
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (201) 325-3000
This document consists of ___4____pages
Exhibit Index appears on page__3___
Page 1 of 4
Item 5. - Other Events
On January 26, 1996, Ryan, Beck & Co., Inc. announced a regular
quarterly cash dividend of $.05 and a five percent (5%) common stock
dividend, each of which is payable on February 13, 1996 to
shareholders of record on February 5, 1996. A press release
announcing the cash and common stock dividends and containing certain
additional information is attached hereto as Exhibit A and
incorporated herein by reference.
Item 7. - Financial Statements and Exhibits
Exhibit A - Press release dated January 26, 1996
Signatures
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 thereunto duly authorized.
Ryan, Beck & Co., Inc.
Registrant
(Signature)
Leonard J. Stanley
Chief Financial Officer
Date: February 9, 1996
Page 2 of 4
EXHIBITS
Exhibit A - Press release dated January 26, 1996 - Page 4
Page 3 of 4
Press Contact: Linda S. Diana
Marketing Director
FOR IMMEDIATE RELEASE
RYAN, BECK & CO. REPORTS FOURTH QUARTER
AND YEAR END 1995 EARNINGS; DECLARES REGULAR
DIVIDEND AND 5% STOCK DIVIDEND
WEST ORANGE, NJ -- January 26, 1996 -- Ryan, Beck & Co., Inc.
(NASDAQ: RBCO), an investment banking firm specializing in the
commercial banking, thrift industries, and municipal finance and tax-
exempt securities, today announced fourth quarter earnings and year-
end results while declaring a regular dividend.
Total revenues for the year ended December 31, 1995 were $24,958,000,
compared with $29,100,000 for the same period last year, a 14%
decrease. The Company reported net income of $1,770,000, or $.49 per
share for the year ended December 31, 1995, compared with $4,766,000,
or $1.32 per share (on a fully diluted basis, as restated) a year ago,
a 63% decrease. Income tax expense and net income for the year ended
December 31, 1994 has been restated to reflect a $92,000 tax refund
(equal to $.03 per share) resulting from amending that year's tax
return.
Fourth quarter revenues for 1995 were $5,899,000, compared with
$9,705,000 for the same period last year a decrease of 39%. The
Company reported net income of $14,000 for the fourth quarter of 1995.
Net income for the same period last year was $1,687,000, or $.48 per
share (on a fully diluted basis, as restated). Income tax expense and
net income for the fourth quarter of 1994 has been restated to reflect
a $23,000 tax refund (equal to $.01 per share) resulting from amending
that year's tax return.
The Board of Directors also announced the declaration of its regular
quarterly cash dividend of $.05 per share, as well as a 5% stock
dividend. The dividends have a record date of February 5, 1996 and a
payment date of February 13, 1996.
Commenting on the results, President and Chief Executive Officer Allen
S. Greene stated, "We view these as `building years' for Ryan, Beck &
Co. Increased expenses in 1995 were partially due to essential
investments in our future. These investments include the hiring of
new personnel, the expansion into new product areas and the opening of
a new branch office in Florida. We announced a company stock
repurchase program in 1995, and have repurchased 12,970 shares at a
cost of approximately $91,000. In addition, timing of transactions in
the capital markets always has an effect on our earnings. We are
constantly looking for new opportunities, while keeping a watchful eye
on market conditions which always play a significant role for
companies in our industry."
Ryan, Beck is headquartered in West Orange, New Jersey and engages in
underwriting, market making, distribution, and trading of bank and
thrift equity and debt securities, and tax-exempt bonds; consulting,
research, and financial services to the banking and thrift industries;
and general securities brokerage.
Page 4 of 4
February 9, 1996
FEDERAL EXPRESS
National Association of Securities Dealers, Inc.
1735 K Street, N.W.
NASDAQ Report Section
Washington, D.C. 20006
Re: Form 8-K
Gentlemen:
Enclosed is a copy of Form 8-K filed with the United States
Securities and Exchange Commission.
Kindly acknowledge your receipt of such document by stamping
the enclosed copy of this letter and returning same to the
undersigned in the enclosed envelope.
Very truly yours,
Leonard J. Stanley
Chief Financial Officer
Enclosures
