GreenPoint Reports Record EPS

GreenPoint Financial Corp., New York, has reported net income of $39.4 million ($0.54 per share) for the second quarter.The earnings per share, a record, were up 20% over core net income per share for the second quarter of 1997 and 4% over that of the first quarter of 1998, GreenPoint said. Core cash earnings per share were $0.78 in the second quarter, up 20% from the second quarter of 1997 and 3% from the first quarter of 1998. Mortgage originations totaled $700 million, down 2% from the second quarter of 1997 but up 21% from the first quarter of 1998. Net loan portfolio growth was $101 million. Non-performing loans as a percentage of total loans declined to 3.39% at June 30 from 4.35% at June 30, 1997 and from 3.77% at March 31, 1998, the company said. GreenPoint's website address is http://www.greenpoint.com.