pacific continental corp (PCBK) Key Developments
Pacific Continental Corporation Declares Regular Dividend, Payable May 15, 2015
Apr 22 15
Pacific Continental Corporation announced that its board of directors approved a regular cash dividend of $0.10 per share. The dividend is payable May 15, 2015, to shareholders of record as of May 5, 2015.
Pacific Continental Corp. and Pacific Continental Bank Appoint Karen Whitman as a Board of Director
Mar 7 15
Pacific Continental Corp. and Pacific Continental Bank announced the appointment of Bank founder and board chair, Karen Whitman to the boards of
Michael (Mick) Reynolds Retires as Executive Vice President and Chief Financial Officer of Pacific Continental Corp
Feb 26 15
On February 26, 2015, Pacific Continental Corp. announced that Michael (Mick) Reynolds will retire as Executive Vice President and Chief Financial Officer of the Company late in the second quarter 2015. Mr. Reynolds has agreed to consult during the post-transition and retirement period for the selected incumbent as needed.
Pacific Continental Corp. Presents at FIG Partners 6th Annual West Coast CEO Forum, Feb-04-2015
Jan 29 15
Pacific Continental Corp. Presents at FIG Partners 6th Annual West Coast CEO Forum, Feb-04-2015 . Venue: Palace Hotel, San Francisco, California, United States.
Pacific Continental Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter of 2015
Jan 21 15
Pacific Continental Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net interest income of $14.374 million compared to $14.388 million a year ago. Income before provision for income taxes was $5.894 million compared to $5.906 million a year ago. Net income was $3.6 million or $0.20 per diluted share compared to net income of $3.7 million or $0.20 per diluted share in fourth quarter 2013. Return on average assets, average book equity, and average tangible equity were 0.97%, 7.85%, and 9.01%, respectively, in fourth quarter 2014, compared to 1.00%, 8.06%, and 9.28% for the same quarter last year.
For the year, the company reported net interest income of $57.448 million compared to $56.139 million a year ago. Income before provision for income taxes was $24.714 million compared to $20.983 million a year ago. Net income for the full year 2014 was $16.0 million or $0.89 per diluted share, compared to net income of $13.8 million or $0.76 per diluted share for 2013. Book value per share at December 31, 2014 was $10.39 against $10.01 for the same period a year ago. Tangible book value per share at December 31, 2014 was $9.07 against $8.69 for the same period a year ago. Return on average assets, average book equity, and average tangible equity were 1.09%, 8.83%, and 10.14%, respectively, in 2014, compared to 0.96%, 7.61%, and 8.75% for the same period last year.
Net interest margin in the first quarter 2015 is expected to continue to remain relatively stable with the fourth quarter.