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Last $29.55 USD
Change Today 0.00 / 0.00%
Volume 220.0
AMBZ On Other Exchanges
Symbol
Exchange
OTC US
As of 5:20 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

american business bank (AMBZ) Snapshot

Open
$29.55
Previous Close
$29.55
Day High
$29.55
Day Low
$29.55
52 Week High
07/16/15 - $30.50
52 Week Low
10/20/14 - $25.50
Market Cap
175.4M
Average Volume 10 Days
2.7K
EPS TTM
$1.83
Shares Outstanding
5.9M
EX-Date
--
P/E TM
16.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for AMERICAN BUSINESS BANK (AMBZ)

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american business bank (AMBZ) Related Businessweek News

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american business bank (AMBZ) Details

American Business Bank provides various banking and financial services to wholesalers, manufacturers, businesses, professionals, and non-profits in California. Its deposit products include checking, money market, savings, business demand deposit, business money market, special deposit, zero balance, and sweep accounts, as well as certificates of deposit. The company’s loan products comprise personal loans, lines of credit, short term working capital lines, term loans, commercial/industrial real estate loans, and accounts receivable lines. It also offers various services, such as telephone notification, lock box processing, investment, courier, remote deposit, consulting, general business advice, investment banking, investment management, equipment leasing, residential mortgage lending, and professional referral services, as well as online banking services consisting of bill payment, fund transfer, account information, automatic clearing house origination, stop payment, and wire transfer services; and provides credit cards and ATM cards. In addition, the company offers international banking services, including international money transfer, letters of credit, foreign currency deposit, documentary and cleaning collection, and foreign currency exchange services. American Business Bank was founded in 1998 and is headquartered in Los Angeles, California.

american business bank (AMBZ) Top Compensated Officers

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Executives, Board Directors

american business bank (AMBZ) Key Developments

American Business Bank Reports Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2015

American Business Bank reported unaudited consolidated earnings results for the second quarter ended June 30, 2015. For the quarter, the company reported total interest income of $10,979,000 against $10,790,000 a year ago. Net interest income was $10,651,000 against $10,400,000 a year ago. Net interest income after provision for loan losses was $10,626,000 against $10,150,000 a year ago. Pre-tax income was $4,066,000 against $4,555,000 a year ago. Net income was $3,100,000 against $3,043,000 a year ago. Core net income was $2,705,000 against $2,903,000 a year ago. Earnings per basic share were $0.52 against $0.51 a year ago. Core earnings per basic share were $0.45 against $0.49 a year ago. Return on average assets was 0.80% against 0.83% a year ago. Return on average equity was 9.89% against 11.07% a year ago. Core return on average assets was 0.74% against 0.81% a year ago. Core return on average equity was 9.04% against 10.78% a year ago. Book value per share as on June 30, 2015 was $20.60 against $18.46 on June 30, 2014. Tangible book value per share as at June 30, 2015 was $20.60 against $18.46 as at June 30, 2014.

American Business Bank Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter Ended March 31, 2015

American Business Bank reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest income of $10.925 million against $10.472 million a year ago. Net interest income was $10.580 million against $10.068 million a year ago. Interest income after provision for loan losses was $10.505 million against $9.768 million a year ago. Pre-tax income was $4.107 million against $3.817 million a year ago. Net income was $2.996 million against $2.695 million a year ago. Core net income was $2.862 million against $2.690 million a year ago. Earnings per basic share was $0.50 against $0.45 a year ago. Core earnings per basic share was $0.48 against $0.45 a year ago. Return on average assets was 0.80% against 0.79% a year ago. Return on average equity was 9.82% against 10.76% a year ago. Core return on average assets was 0.76% against 0.79% a year ago. Core return on average equity was 9.38% against 10.74% a year ago. Book value per share as at March 31, 2015 was $20.93 against $17.43 March 31, 2014. Tangible book value per share as at March 31, 2015 was $20.93 against $17.43 as at March 31, 2014. For the quarter, the company reported net charge-offs of $0.100 million against $0.209 million a year ago.

American Business Bank Announces Earnings Results for the Full Year Ended December 31, 2014

American Business Bank announced earnings results for the full year ended December 31, 2014. For the full year, the company reported net income of $11,460,000. Earnings per share (basic) for 2014 were $1.93 compared with $2.30 in the year 2013. Deposits increased 10%, or $125 million, to $1.364 billion at December 31, 2014, as compared to $1.239 billion at December of 2013. Net interest income increased $1,357,000, or 3%, to $40,892,000 from $39,535,000 in 2013. The company has reported that core net income for the year ended December 31, 2014 was $10.66 million, or $1.79 per basic share, compared to $9.07 million, or $1.55 per basic share, for the same period ended December 31, 2013. Pre-tax income for the year ended December 31, 2014 was $16.56 million, compared to $20.15 million for the same period ended December 31, 2013.

 

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AMBZ Competitors

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Company Last Change
Bank of Commerce Holdings $5.76 USD +0.01
Central Valley Community Bancorp $11.56 USD +0.30
First Northern Community Bancorp $8.15 USD +0.10
FNB Bancorp/CA $28.20 USD +0.10
Pacific Mercantile Bancorp $7.21 USD -0.01
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Industry Analysis

AMBZ

Industry Average

Valuation AMBZ Industry Range
Price/Earnings 14.9x
Price/Sales 3.9x
Price/Book 1.4x
Price/Cash Flow 14.5x
TEV/Sales 2.1x
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