Not as impressive as expected BUT it means they are not ripping off their customers like the rest of the banks!

Much as I was not impressed by the Coop Outturn, I bet you will still be waiting for Coop @ 12 by 2012.

BTW, I did not get my BUY order for Equity at 23.50 (not a single share). Looks like I waited too long to place the order.

These are impressive results.
Remember co-op bank put up over 30 branches in 2010 and they are still able to make 55% improvement in profitability. That is a huge investment and the returns will only starting coming through in 2011. This is the same way Equity made investments in 2008/9 and now they are reaping the fruits.
Speculators are likely to complain for now but long term investors will eventually laugh all the way by 2012.