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SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
June 30, 1997
BEAL FINANCIAL CORPORATION
(Exact name of Registrant as specified in its Charter)
TEXAS 33-93212 75-2583551
(State or other (Commission File No.) (IRS Employer
jurisdiction of Identification Number)
incorporation)
SUITE 300, LB 66, 15770 NORTH DALLAS PARKWAY 75248
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (972) 404-4000
N/A
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On July 28, 1997, the Registrant issued the press release attached as
Exhibit 99 announcing Second Quarter Results.
The foregoing information does not purport to be complete and is
qualified in its entirety by reference to the Exhibit to this Report.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
c) Exhibit
The Exhibit referred to in Item 5 of this Report and listed below is
filed as part of this Report and is incorporated herein by reference.
Exhibit 99 Press Release dated
July 28, 1997
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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.
BEAL FINANCIAL CORPORATION
Date: July 28, 1997 By: /s/ DAVID FARMER
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David Farmer
Senior Vice President
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July 28, 1997
FOR IMMEDIATE RELEASE Contact
David R. Farmer
Beal Bank, SSB
(972) 404-4000
BEAL FINANCIAL CORPORATION REPORTS
SECOND QUARTER RESULTS
DALLAS, TEXAS -- Beal Financial Corporation, the holding company for Beal
Bank, SSB, today reported consolidated net income of $17.7 million for the
three month period ending June 30, 1997 and $51.0 million for the six month
period ending June 30, 1997. This compares to $15.3 million and $31.8 million
for the three and six month periods ending June 30, 1996.
Total assets decreased $116.3 million, or 8.3 percent, to $1.2 billion at
June 30, 1997 when compared to total assets at December 31, 1996. This
decrease resulted primarily from a decrease in net loans receivable of $99.0
million, principally due to normal principal repayments of loans.
Beal Bank's net worth totaled $169.3 million at June 30, 1997 resulting in
regulatory capital ratios as of June 30, 1997 of Tier 1 capital of 13.27
percent, and Risk-based capital of 17.54 percent.
Beal Bank, headquartered in Dallas, maintains branch offices in Houston,
and Chicago.
