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Last $13.50 USD
Change Today -0.07 / -0.52%
Volume 1.7K
As of 8:10 PM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

california first natl bancor (CFNB) Snapshot

Open
$13.58
Previous Close
$13.57
Day High
$13.58
Day Low
$13.50
52 Week High
05/30/14 - $15.49
52 Week Low
04/23/15 - $13.40
Market Cap
141.2M
Average Volume 10 Days
5.2K
EPS TTM
$0.75
Shares Outstanding
10.5M
EX-Date
11/26/14
P/E TM
17.9x
Dividend
$0.42
Dividend Yield
3.11%
Current Stock Chart for CALIFORNIA FIRST NATL BANCOR (CFNB)

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california first natl bancor (CFNB) Details

California First National Bancorp operates as a bank holding company for California First National Bank and California First Leasing Corp that provide leasing and banking services in the United States. It leases and finances capital assets that are used by businesses and organizations, including computer systems and networks; automated manufacturing and distribution management systems, production systems, printing presses, and warehouse distribution systems; digital private branch equipment and switching equipment, voice over Internet protocol systems, wireless networks, and satellite tracking systems; retail point-of-sale and inventory tracking systems; and other electronic equipment, such as robotic surgical systems, ultrasound and medical imaging systems, computer-based patient monitoring systems, testing equipment, and copying equipment. The company also leases non-high technology property consisting of mining equipment, machine tools, school buses, trucks, exercise equipment, and office and dormitory furniture. In addition, it accepts various deposit products, including interest-bearing checking accounts, money market accounts, savings accounts, and certificates of deposits. Further, the company offers business loans to fund the purchase of assets leased by third parties; and commercial term loans, commercial real estate loans, and revolving lines of credit. It serves corporations and middle-market companies, private and state-related educational institutions, municipalities, and other not-for-profit organizations and institutions. The company was founded in 1977 and is based in Irvine, California.

113 Employees
Last Reported Date: 09/25/14
Founded in 1977

california first natl bancor (CFNB) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $180.0K
Principal Accounting & Financial Officer, Exe...
Total Annual Compensation: $269.8K
Chief Operating Officer, Vice President, Secr...
Total Annual Compensation: $180.0K
Senior Vice President of Information Technolo...
Total Annual Compensation: $239.6K
Compensation as of Fiscal Year 2014.

california first natl bancor (CFNB) Key Developments

California First National Bancorp Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015

California First National Bancorp reported earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, total interest income was $5.8 million against $4.8 million last year. Net interest income was $4.8 million against $4.1 million last year. Earnings before income taxes were $2.7 million against $1.8 million last year. Net earnings were $1.7 million or $0.16 per basic and diluted share against $1.2 million or $0.11 per basic and diluted share last year. The increase in third quarter earnings is due to a $1.0 million or 119% increase in commercial loan income and higher non-interest income related to gains recognized from the sale of leases. The stronger growth in nine month net income includes the pre-tax recovery of $2,743,920 from the settlement of claims filed in TFT-LCD (thin-film transistor liquid display) products antitrust case recognized during the second quarter of fiscal 2015. Third quarter of 2015 net income includes the impact of income taxes accrued at 38.5% compared to 33.0% in the third quarter of fiscal 2014. The increase in total interest income was primarily due to higher commercial loan income offset slightly by lower finance income. For the nine months, total interest income was $16.8 million against $14.7 million last year. Net interest income was $14 million against $12.5 million last year. Earnings before income taxes were $12.5 million against $8.3 million last year. Net earnings were $7.7 million or $0.74 per basic and diluted share against $5.2 million or $0.50 per basic and diluted share last year. Total interest income for the first nine months of fiscal 2015 increased 13.7% due to a $2.3 million increase in commercial loan income that offset a $197,700 decrease in finance income.

California First National Bancorp Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014

California First National Bancorp announced consolidated earnings results for the second quarter and six months ended December 31, 2014. For the second quarter, the company reported total interest income of $5,714,000 against $4,877,000 a year ago. Net interest income was $4,803,000 against $4,113,000 a year ago. Net interest income after provision for credit losses was $4,403,000 against $4,113,000 a year ago. Earnings before income taxes were $5,783,000 against $3,545,000 a year ago. Net earnings were $3,557,000 against $2,184,000 a year ago. Basic and diluted earnings per common share were $0.34 against $0.21 a year ago. The increase in net earnings during the second quarter of fiscal 2015 includes the pre-tax recovery of $2,743,918 from the settlement of claims filed in a TFT-LCD (thin-film transistor liquid display) products antitrust case and a $690,000 increase in net interest income. For the six months, the company reported total interest income of $10,971,000 against $9,889,000 a year ago. Net interest income was $9,202,000 against $8,333,000 a year ago. Net interest income after provision for credit losses was $8,527,000 against $8,333,000 a year ago. Earnings before income taxes were $9,782,000 against $6,518,000 a year ago. Net earnings were $6,016,000 against $4,015,000 a year ago. Basic and diluted earnings per common share were $0.58 against $0.38 a year ago.

California First National Bancorp Announces Annual Dividend, Payable on December 16, 2014; Reports Consolidated Earnings Results for the First Quarter Ended September 30, 2014

California First National Bancorp at its annual general meeting held on October 21, 2014, approved the payment of an annual dividend in the amount of $0.42 per share to be paid on December 16, 2014 to shareholders of record on December 1, 2014. The company reported consolidated earnings results for the first quarter ended September 30, 2014. For the quarter, the company reported net finance, loan and interest income after provision for credit losses was $4,124,000 against $4,220,000 a year ago. Earnings before income taxes were $3,999,000 against $2,973,000 a year ago. Net earnings were $2,459,000 or $0.24 per basic and diluted share against $1,831,000 or $0.18 per basic and diluted share a year ago. The increase in net earnings for the first quarter of fiscal 2015 is largely due to an 80% increase in non- interest income but also reflects the first quarterly increase in total interest income in three years.

 

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CFNB Competitors

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Company Last Change
Auburn National Bancorporation Inc $24.86 USD -0.11
Berkshire Bancorp Inc/NY $7.65 USD 0.00
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Union Bankshares Inc/Morrisville VT $26.25 USD 0.00
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Industry Analysis

CFNB

Industry Average

Valuation CFNB Industry Range
Price/Earnings 14.9x
Price/Sales 5.9x
Price/Book 0.8x
Price/Cash Flow 14.9x
TEV/Sales 1.6x
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