Earnings per share were up 21% to $2.69. Despite an uncertain economy, Heller reports its non-earning assets were 1.9% of its total lending portfolio, below its target range of 2% to 4%.
"The year 2000 was an excellent one across Heller," said Chairman and Chief Executive Officer Richard J. Almeida. "We have a seasoned management team, unparalleled in the industry,which has been through prior recessions. Over the last decade, we have constructed our portfolio to weather uncertain economic environments. While we expect the 2001 economy will be less steady than in recent years, we remain confident in our ability to deliver."
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