The following financial information is available for First Interprovincial Bank as at October 31 (in thousands, except for per share amounts):

Instructions
(a) Calculate the earnings per share, price-earnings ratio, and payout ratio for the common shareholders for each of the three years.
(b) Using the information in (a), comment on First Interprovincial Bank's earnings performance and dividend record.

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Profit Preferred share dividends (total) Weighted average number of common shares Dividends per common share Market price per common share 2014 $1,978 $73 502 $2.50 $43.00 2013 $2,131 $43 500 $2.25 $49.75 2012 $2,663 S30 501 $2.10 $56.25