Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $11.55 USD
Change Today +0.15 / 1.32%
Volume 3.7K
As of 8:10 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

1st capital bank (FISB) Key Developments

1st Capital Bank Announces Executive Changes

1st Capital Bank announced that its Board of Directors has appointed Thomas E. Meyer as the Bank's new President and Chief Executive Officer effective August 10, 2015. Mr. Meyer previously serving as Chairman and Chief Executive Officer of Fullerton Community Bank, FSB. During his financial services career, Mr. Meyer has served in a wide variety of roles, including Chief Credit Officer, Chief Financial Officer, and Chief Operating Officer. Mark Andino, the Bank's President and Chief Executive Officer, will transition into the position of Market President for San Luis Obispo County during August 2015.

1st Capital Bank Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015

1st Capital Bank reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company's total interest and dividend income was $3,713,000 compared to $3,202,000 a year ago. Net interest income was $3,548,000 compared to $3,053,000 a year ago. Net interest income after provision for loan losses was $3,348,000 compared to $2,933,000 a year ago. Income before provision for income taxes was $1,007,000 compared to $674,000 a year ago. Net income was $701,000 or $0.18 per diluted share compared to $408,000 or $0.11 per diluted share a year ago. Return on average total assets was 0.60% compared to 0.41% a year ago. Return on average shareholders' equity was 6.79% compared to 4.33% a year ago. Tangible book value per share rose to a record $11.08 as of March 31, 2015, as compared to $10.90 per share at December 31, 2014 and $10.44 per share at March 31, 2014. The rise in net income from the first quarter of 2014 to the first quarter of 2015 primarily resulted from: (i) a larger average balance of interest earning assets; and (ii) $249,000 in non-taxable benefits associated with Bank Owned Life Insurance policies.

1st Capital Bank, Annual General Meeting, Jun 10, 2015

1st Capital Bank, Annual General Meeting, Jun 10, 2015.

1st Capital Bank Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

1st Capital Bank reported unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company's total interest and dividend income was $3,768,000 compared to $3,311,000 a year ago. Net interest income was $3,613,000 compared to $3,177,000 a year ago. Net interest income after provision for loan losses was $3,563,000 compared to $3,177,000 a year ago. Income before provision for income taxes was $1,066,000 compared to $1,033,000 a year ago. Net income was $627,000 or $0.16 per diluted share compared to $612,000 or $0.17 per diluted share a year ago. Return on average total assets was 0.55% compared to 0.65% a year ago. Return on average shareholders' equity was 6.09% compared to 6.57% a year ago. The 33.4% rise in net income from the third quarter of 2014 to the fourth quarter of 2014 primarily resulted from a larger average balance of interest earning assets combined with an expansion in net interest margin; and a lower provision for loan losses. Tangible book value per share rose to a record $10.90 as of December 31, 2014, as compared to $10.28 per share at December 31, 2013. For the year, the company's total interest and dividend income was $13,819,000 compared to $13,090,000 a year ago. Net interest income was $13,198,000 compared to $12,493,000 a year ago. Net interest income after provision for loan losses was $11,625,000 compared to $11,625,000 a year ago. Income before provision for income taxes was $3,329,000 compared to $2,867,000 a year ago. Net income was $1,960,000 or $0.52 per diluted share compared to $1,692,000 or $0.47 per diluted share a year ago. Return on average total assets was 0.45% compared to 0.47% a year ago. Return on average shareholders' equity was 4.96% compared to 4.77% a year ago. The improved earnings during 2014 stemmed from increased net interest income associated with a greater level of average interest earning assets; a lower provision for loan losses; and gains on the sale of securities during 2014, as the Bank reallocated duration from its security portfolio to its loan portfolio in conjunction with its interest rate risk management program.

1st Capital Bank Announces Unaudited Earnings Results for the Third Quarter and First Nine Months Ended September 30, 2014

1st Capital Bank announced unaudited earnings results for the third quarter and first nine months ended September 30, 2014. For the third quarter, the company reported net income of $470,000, equivalent to $0.12 per diluted common share compared to net income of $457,000, equivalent to $0.13 per diluted common share, a year ago. Return on average total assets was 0.42% against 0.50% for the same period a year ago. Return on average shareholders’ equity was 4.66% against 5.06% for the same period a year ago. Total interest and dividend income was $3,502,000 against $3,336,000 for the same period a year ago. Net interest income was $3,344,000 against $3,187,000 for the same period a year ago. Income before provision for income taxes was $816,000 against $763,000 for the same period a year ago. For the nine months, the company reported net income of $1.3 million, equivalent to $0.35 per diluted common share, compared to net income of $1.1 million, equivalent to $0.30 per diluted common share, for the first nine months of 2013. The improved earnings during 2014 stemmed from: increased net interest income associated with a greater level of average interest earnings assets; a lower provision for loan losses; and gains on the sale of securities during 2014, as the bank reallocated duration from its security portfolio to its loan portfolio in conjunction with its interest rate risk management program. Tangible book value per share rose to a record $10.77 as of September 30, 2014, as compared to $10.28 per share at December 31, 2013. Return on average total assets was 0.42% against 0.41% for the same period a year ago. Return on average shareholders’ equity was 4.56% against 4.12% for the same period a year ago. Income before provision for income taxes was $2,265,000 against $1,832,000 for the same period a year ago. Total interest and dividend income was $10,051,000 against $9,779,000 for the same period a year ago. Net interest income was $9,585,000 against $9,315,000 for the same period a year ago.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
FISB:US $11.55 USD +0.15

FISB Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for FISB.
View Industry Companies
 

Industry Analysis

FISB

Industry Average

Valuation FISB Industry Range
Price/Earnings 18.3x
Price/Sales 3.0x
Price/Book 1.0x
Price/Cash Flow 17.6x
TEV/Sales 2.5x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact 1ST CAPITAL BANK, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.