Last $5.71 USD
Change Today 0.00 / 0.00%
Volume 700.0
PFCI On Other Exchanges
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OTC US
As of 8:10 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

pacific commerce bank/ca (PFCI) Key Developments

Pacific Commerce Bank Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Pacific Commerce Bank announced unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total interest income was $2,225,000 against $1,655,000 a year ago. Net interest income was $2,103,000 against $1,548,000 a year ago. Income from operations was $535,000 against $80,000 a year ago. Income before loan loss provision, stock options and income tax expenses was $306,000 against $124,000 a year ago. Net income was $139,000 against net loss of $266,000 a year ago. Earnings per share were $0.03 against loss per share of $0.06 a year ago. For the full year, the company reported total interest income was $8,051,000 against $6,664,000 a year ago. Net interest income was $7,603,000 against $6,208,000 a year ago. Income from operations was $1,457,000 against $324,000 a year ago. Income before loan loss provision, stock options and income tax expenses was $974,000 against $1,031,000 a year ago. Net income was $1,744,000 against net income of $4,926,000 a year ago. Earnings per share were $0.39 against earnings per share of $1.10 a year ago. In 2014, net interest income increased $1.4 million, or 22.5% due to the significant increase in loans outstanding, combined with a lower cost of funds for the year.

Pacific Commerce Bank to Report Q4, 2014 Results on Jan 23, 2015

Pacific Commerce Bank announced that they will report Q4, 2014 results on Jan 23, 2015

Pacific Commerce Bank (CA) Reports Un-Audited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Pacific Commerce Bank (CA) reported un-audited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of $309,000 or $0.07 per share compared to net income of $4.4 million or $0.98 per share for the third quarter of 2103, which included the recapture of the Bank's deferred tax valuation allowance in the amount $4.3 million. Net income before taxes totaled $525,000 versus $104,000 a year ago, an increase of 405%. The company reported total interest income of $2.2 million compared to $1.7 million, net interest income of $2.1 million compared to $1.6 million and total income of $2.4 million compared to $1.7 million for the last year. For the nine month net income totaled $1,605,000 or $0.36 per share compared to net income of $5,191,000, or $1.16 per share. On a before tax basis, net income was $2,168,000 in 2014 versus $906,000 a year ago, including a $1,500,000 reverse provision to the loan loss reserve in the first quarter of 2014. Net interest income for the first nine months of 2014 increased $841,000 versus a year ago, an increase of 18%, while noninterest income also increased $343,000, net of prior year gain on sale of securities, or 83% versus a year ago, as the gain on sale of SBA 7(a) loans increased $333,000. The company reported total interest income of $5.8 million compared to $5.0 million, net interest income of $5.5 million compared to $4.7 million and total income of $6.3 million compared to $5.7 million for the last year.

Pacific Commerce Bank Reports Unaudited Earnings Results for Second Quarter and Six Months Ended June 30, 2014

Pacific Commerce Bank reported unaudited earnings results for second quarter and six months ended June 30, 2014. For the quarter, the company’s total interest income was $1,870,000 against $1,670,000 a year ago. Net interest income was $1,762,000 against $1,553,000 a year ago. Total income was $2,126,000 against $1,761,000 a year ago. Net income was $406,000 against $567,000 a year ago. EPS was $0.09 against $0.13 a year ago. For the six months, the company’s total interest income was $3,623,000 against $3,312,000 a year ago. Net interest income was $3,411,000 against $3,074,000 a year ago. Total income was $3,908,000 against $3,367,000 a year ago. Net income was $1,296,000 against $802,000 a year ago. EPS was $0.29 against $0.18 a year ago.

Pacific Commerce Bank (CA) to Report Q2, 2014 Results on Jul 16, 2014

Pacific Commerce Bank (CA) announced that they will report Q2, 2014 results on Jul 16, 2014

 

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Price/Earnings 14.6x
Price/Sales 2.7x
Price/Book 1.1x
Price/Cash Flow 8.0x
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