January 26, 2015 9:58 AM ET

Banks

Company Overview of Bank of Utah

Company Overview

Bank of Utah provides personal and business banking, home lending, trust management, and investment services in Utah. The company offers checking, savings, individual retirement, and health savings accounts; Visa credit cards; and lines of credit, equipment, commercial real estate, and small business administration loans. It also provides mortgage loan programs, including conventional loans, FHA and VA loans, housing and construction loans, reverse mortgages, and first-time homebuyer programs; trust and investment services; and online banking, remote deposit, automated clearing house debit and credit collecting payments, online wires, merchant services, wealth management, succession and reti...

2605 Washington Boulevard

Ogden, UT 84401

United States

Founded in 1952

Phone:

801-409-5009

Fax:

801-409-5187

Key Executives for Bank of Utah

President and Director
Chief Financial Officer and Senior Vice President
Senior Vice President of Trust & Investments and Senior Trust Officer
Compensation as of Fiscal Year 2014.

Bank of Utah Key Developments

Bank of Utah Reports Earnings Result for the Third Quarter Ended September 2014

Bank of Utah reported earnings result for the third quarter ended September 2014. For the quarter, the company reported total net income was $3.52 million as compared to $2.87 million for the same period last year. Annualized Return on Assets (ROA) for the current quarter was 1.52% as compared to 1.62% in 2013.

Bank of Utah Reports Earnings Results for the Second Quarter of 2014

Bank of Utah reported earnings results for the second quarter of 2014. For the period, the company reported total net income was $2.8 million as compared to the first quarter, 2014 of $3.1 million. Net income for second quarter 2013 was $3.5 million. This result equates to 10.61% return on equity. ROE is the key result measurement for profitability and is fundamental for shareholders to relate to their investment performance. Management continues to monitor the companion metric of return on assets that ended the quarter at 1.45% compared to the first quarter of 1.52% ROA and 2013 year end of 1.56%.

Bank of Utah Announces Earnings Results for the Third Quarter of 2013

Bank of Utah announced earnings results for the third quarter of 2013. For the quarter, the company reported net income of $2.9 million and net income of $3.9 million. This income level represents a 1.61% return on assets (ROA), meeting the bank's target ROA of 1.60%. Return on equity (ROE) for the third quarter was 11.8% against 12.2% for third quarter 2012.

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