Miami-based TotalBank's quarterly and year-end results for 2012. Earnings for 2012 stood at $52.5 million, or $48.3 million more than the $4.2 million in earnings for 2011.
February 01, 2013 at 12:00 AM
1 minute read
Miami-based TotalBank reported improved fourth-quarter and year-end results for 2012.
Earnings for 2012 stood at $52.5 million, or $48.3 million more than the $4.2 million in earnings for 2011. For the fourth quarter ended Dec. 31, earnings were $43 million, including a one-time tax benefit of $41 million from the reversal of the valuation allowance recorded against the bank’s deferred tax assets, according to a release from the bank.
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