GIBRALTAR FINANCIAL CORPORATION
Gibraltar achieved its third consecutive year of record earnings in 1985. In addition, the Company reduced its interest rate sensitivity by significantly improving the gap in maturities of its assets and liabilities. At year end, the one-year gap as a percentage of total assets amounted to 9% compared with 34% at December 31, 1984.
Net earnings for the year rose to $38.9 million, equal to $2.34 per share. This represented an improvement of 16% over 1984 earnings of $33.5
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