If I'm reading the estimated earnings for 2004 correctly then someone has a lot of work to do.
It appears that just to meet the average earnings projected for 2004 that the bank will have to have quarterly earnings of about 20% above the first quarter's earnings for each of the next three quarters.
The 2004 estimates are about the same as the 2003 earnings, so no growth is expected. No earnings growth appears to mean a great deal in the current market.
Just my thoughts.