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HU Q3 Results
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Business New Haven
10/29/2001
By: BNH
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MAHWAH, N.J. - Hudson United Bancorp (NYSE: HU) reported net income of $23.9 million, or 51 cents per diluted share, for its third quarter ended September 30. This represents a four-percent quarterly increase in diluted EPS compared to 49 cents per diluted share in the previous quarter, and a 13-percent increase in diluted EPS compared to the same quarter in the prior year.
Return on average equity was 25.49 percent, while return on average assets was 1.39 percent for the quarter.
Net income for the nine months ending September 30 was $69.2 million ($1.46 per diluted share). Return on average equity was 25.11 percent and return on average assets was 1.39 percent for the same period.
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