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Last $29.50 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

california republic bancorp (CRPB) Key Developments

California Republic Bancorp Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

California Republic Bancorp reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported pre-tax income of $5.8 million compared with $5.2 million for the same period a year earlier. Net income was $3.5 million, or $0.45 per basic common share, after the fully dilutive effect on EPS due to the issuance of 2.4 million additional common shares in the fourth quarter of 2014, compared with $3.0 million, or $0.56 per basic common share, for the same period a year earlier. Return on average equity and return on average assets were 9.9% and 1.2%, respectively compared with 19.1% and 1.5%, respectively for the same period in 2014. The company’s ROE was also impacted by raising $65.0 million in common equity in the fourth quarter of 2014. Net interest income grew 43%, or $3.8 million, to $12.9 million compared with $9.0 million for the same period a year ago. Book value per share was $18.47 compared to $12.49 a year ago. Total interest income was $13.695 million compared with $9.611 million for the same period a year ago. Income before income taxes was $5.822 million compared with $5.196 million for the same period a year ago.

California Republic Bancorp Announces Earnings Results for the Fourth Quarter and Full Year Ended Dec. 31, 2014

California Republic Bancorp announced earnings results for the fourth quarter and full year ended Dec. 31, 2014. For the three months ended December 31, 2014, net income was $2.5 million, or $0.37 per basic common shares, compared with $2.6 million, or $0.50 per basis common shares, for the same period a year earlier. Net income for the fourth quarter of 2014 was directly impacted by costs associated with continuing to build automobile lending platform, and with costs for execution and completion of the equity and debt offerings. Earnings per share for the fourth quarter of 2014 were also impacted by the dilutive effect of the issuance of the new additional common shares. Net interest income grew 48%, or $4.0 million to $12.3 million for the three months ended December 31, 2014 compared with $8.3 million for the same period a year ago. For the year the company reported record pre-tax income of $20.1 million for the year ended 2014 compared with $8.4 million for the same period a year earlier. Net income was $12.0 million, or $2.12 per basic common share, for the year ended 2014 compared with $4.7 million, or $0.91 per basic common share, for all of 2013, which represents a 153% year-over-year increase. Return on average equity and return on average assets were 15.94% and 1.31%, respectively for the twelve months ended December 31, 2014 compared with 8.14% and 0.66%, respectively for the same period in 2013. For the twelve months ended December 31, 2014, net interest income grew 42%, or $12.3 million to $41.7 million compared with $29.4 million for the same period a year earlier.

California Republic Bancorp Presents at Sandler O'Neill + Partners West Coast Financial Services Conference, Mar-11-2015

California Republic Bancorp Presents at Sandler O'Neill + Partners West Coast Financial Services Conference, Mar-11-2015 . Venue: Phoenix, Arizona, United States.

California Republic Bancorp Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

California Republic Bancorp announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total interest income of $11,449,000 against $7,762,000 a year ago. Net interest income was $10,927,000 against $7,182,000 a year ago. Income before income taxes was $5,040,000 against loss before income taxes of $1,341,000 a year ago. Net income was $3,287,000 against net profit of $814,000 a year ago. Basic income per share was $0.62 against LPS of $0.16 a year ago. Return on average equity was 18.68% against negative ROE of 5.69% a year ago. Return on average assets was 1.38% against negative ROA of 0.54% a year ago. Book value per share was $13.50 against $11.22 a year ago. For the nine months, the company reported total interest income of $30,990,000 against $22,876,000 a year ago. Net interest income was $29,391,000 against $21,148,000 a year ago. Income before income taxes was $15,703,000 against $3,770,000 a year ago. Net income was $9,527,000 against $2,091,000 a year ago. Basic income per share was $1.80 against $0.40 a year ago. Return on average equity was 19.01% against 4.86% a year ago. Return on average assets was 1.47% against 0.41% a year ago.

California Republic Bancorp Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended June 30, 2014

California Republic Bancorp announced unaudited consolidated earnings results for second quarter and six months ended June 30, 2014. For the quarter, the company reported total interest income of $9,936,000, net interest income of $9,430,000, income before income taxes of $5,467,000, net income of $3,272,000 or $0.62 per basic share, return on average equity of 19.62%, return on average assets of 1.56% compared to the total interest income of $8,338,000, net interest income of $7,749,000, income before income taxes of $4,943,000, net income of $2,871,000 or $0.55 per basic share, return on average equity of $20.07%, return on average assets of $1.90% for the same quarter a year ago. For the six months period, the company reported total interest income of $19,547,000, net interest income of $18,465,000, income before income taxes of $10,663,000, net income of $6,241,000 or $1.18 per basic share, return on average equity of $19.77%, return on average assets of $1.53% compared to the total interest income of $15,114,000, net interest income of $13,966,000, income before income taxes of $5,111,000, net income of $2,905,000 or $0.56 per basic share, return on average equity of 10.34%, return on average assets of 0.91% for the same period a year ago. Book value per share as at June 30, 2014 was $12.91 compared to the $11.31 as on June 30, 2013.

 

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Valuation CRPB Industry Range
Price/Earnings 16.1x
Price/Sales 2.7x
Price/Book 1.6x
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