First Quarter 2003 Results
Pro Forma Net Revenues of $74.2 Million
- Investment Banking - $18.1 Million
- Asset Management - $15.4 Million
- $2.3 Billion Assets Under Management
- Sales and Trading - $11.3 Million
- Net Interest - $29.4
Total Assets of $5.5 Billion, Leverage Equal to 5.4x
Average MBS Portfolio of $5.6 Billion During First Quarter 2003
Merchant Banking Portfolio of $173.1 Million
Pro Forma Net Income of $31.5 Million
- Includes Merger Related Expenses of $2.8 Million
- $3.0 Million Negative Impact of Purchase Accounting Adjustments
Pro Forma EPS of $0.24 (Basic) and $0.23 (Diluted)