Stock Watch
Citadel Holding Corp. Business: Banking
Symbol: CDL
Shares Outstanding: 3.3 million
Market: AMEX
Closing Price on 7/24/92: $25
Citadel Holding Corp. is the Glendale-based parent of Fidelity Federal Bank. Citadel has performed reasonably well given the troubles that have afflicted major savings-and loans in Southern California. One reason is that most of Fidelity Federal’s loan portfolio is in residential housing, which is less risky than commercial property and construction loans. Still, Citadel posted a $21 million loss in the third quarter of 1991 when it boosted its loan loss reserves as a provision against loan and real estate losses. And Citadel’s stock price, in a reflection of the savings and loan industry, has been unusally volatile.
Period ending June 1989 Sept.89 Qtrly Profit (loss): $3.8 million ($2.3 million) % Change: -51% N/A Qtrly Assets: $4.9 billion $4.9 billion % Change: +20% +14%
Period ending Dec.89 March 1990 Qtrly Profit (loss): $3.6 million $7.3 million % Change: -27% +143% Qtrly Assets: $5.0 billion $5.0 billion % Change: +9% N/C
Period ending June 89 Sept. 89 Qtrly Profit (loss): $6.8 million $4.9 million % Change: +79% N/A Qtrly Assets: $5.1 billion $5.6 billion % Change: +4% +14%
Period ending Dec. 89 March 1991 Qtrly Profit (loss): $4.4 million $4.4 million % Change: +22% -40% Qtrly Assets $5.7 billion $5.1 billion % Change: +14% +2%
Period ending June 89 Sept. 89 Qtrly Profit (loss): $7.1 million ($21.1 million) % Change: +4% NA Qtrly Assets: $5.6 billion $5.5 billion % Change: +10% -2%
Period ending Dec. 89 March 1992 Qtrly Profit (loss): $12.3 million $6.1 million % Change: +180% +39% Qtrly Assets: $5.1 billion $.0 billion % Change: -11% -2%
N/A: Not applicable because of current, or prior year’s, loss.
Stock Prices Period ending: June 1989
Quarterly High: $41.50
Quarterly Low: $36.50
Period ending: Sept. 89 Quarterly High: $52
Quarterly Low: $38.75
Period ending: Dec. 89
Quarterly Highs: $54.63
Quarterly Lows: $43
Period ending: March 1990
Quarterly Highs: $45.50
Quarterly Lows: $41.75
Period ending: June 89
Quarterly Highs: $48
Quarterly Lows: $42.13
Period ending: Sept. 89
Quarterly Highs: $46.75
Quarterly Lows: $34.50
Period ending: Dec. 89
Quarterly Highs: $34
Quarterly Lows: $20
Period ending: March 1991
Quarterly Highs: $34.25
Quarterly Lows: $17.25
Period ending: June 89
Quarterly Highs: $34.13
Quarterly Lows: $28.50
Period ending: Sept. 89
Quarterly Highs: $37.13
Quarterly Lows: $28.38
Period ending: Dec. 89
Quarterly Highs: $28
Quarterly Lows: $8.88
Period ending: March 1992
Quarterly Highs: $32.88
Quarterly Lows: $14.63
Source: Company Reports
N/A: Not applicable because of current, or prior year’s loss. N/C: No change
