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Last $20.90 USD
Change Today -0.14 / -0.67%
Volume 2.6K
As of 11:50 AM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

cu bancorp (CUNB) Snapshot

Open
$21.00
Previous Close
$21.04
Day High
$21.07
Day Low
$20.90
52 Week High
03/30/15 - $23.00
52 Week Low
08/4/14 - $16.49
Market Cap
349.7M
Average Volume 10 Days
11.8K
EPS TTM
$0.99
Shares Outstanding
16.7M
EX-Date
--
P/E TM
21.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for CU BANCORP (CUNB)

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cu bancorp (CUNB) Details

CU Bancorp operates as a bank holding company for California United Bank that provides various banking products and services in Southern California. The company offers deposit products, including non-interest bearing demand deposits, interest bearing demand deposits, money market accounts, time certificates of deposit, and savings accounts. Its loan portfolio comprises commercial and industrial loans; construction, land development, and other land loans; commercial real estate loans; SBA loans; and home equity lines of credit, as well as secured and unsecured personal loans. In addition, the company provides commercial and stand-by letters of credit, wire transfer services, on site automated teller machines, Visa debit cards, and ATM cards; and bank-by-mail, courier, armored transport, cash vault, cash management, telephone banking, and credit card services, as well as Internet banking services. It serves small and medium-sized businesses, non-profit organizations, business owners and entrepreneurs, and the professional community, including attorneys, certified public accountants, financial advisors and healthcare providers, and investors. The company operates through eight full service branch offices located in Los Angeles, Orange, and Ventura counties in Southern California. CU Bancorp is headquartered in Encino, California.

253 Employees
Last Reported Date: 04/29/15

cu bancorp (CUNB) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $450.0K
President, Director, President of California ...
Total Annual Compensation: $28.3K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $251.0K
Chief Operating Officer, Chief Credit Officer...
Total Annual Compensation: $301.0K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $251.0K
Compensation as of Fiscal Year 2014.

cu bancorp (CUNB) Key Developments

CU Bancorp Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter of 2015

CU Bancorp announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. Net income for the first quarter of 2015 was $4.2 million and net income available to common shareholders was $3.9 million or $0.23 per fully diluted share, compared with net income of $2.7 million or $0.24 per fully diluted share for the first quarter of 2014. Core net income available to common shareholders for the first quarter of 2015 was $4.2 million or $0.25 per fully diluted share, compared to core net income of $2.7 million or $0.24 per fully diluted share for the first quarter of 2014. Return on average assets was 0.69% against 0.78% a year ago. Return on average equity was 5.6% against 7.7% a year ago. Core return on average assets was 0.73% and core return on average equity was 6.0%. Net interest income totaled $20.6 million for the first quarter of 2015, an increase of $8.5 million or 70% from the first quarter of 2014. The increase was primarily driven by the merger and strong net organic loan growth over the last year. The Company’s net interest income was positively impacted in both the first quarter of 2015 and the first quarter of 2014 by the recognition of fair value discount earned on early payoffs of acquired loans. Net income before provision for income tax was $6.894 million against $4.339 million a year ago. Book value per common share was $16.00 against $12.69 per share a year ago. Net charge-offs for the first quarter of 2015 were $806,000 or 0.05% of average loans.

CU Bancorp Appoints Charles W Singleton III as Senior Vice President in Inland Empire Regional Office in Ontario, California

CU Bancorp announced that Charles W Singleton III has joined as a senior vice president in the Inland Empire Regional Office in Ontario, California. Most recently, Singleton was a first vice president and team leader at Community Bank and prior to that was a senior relationship manager at Wachovia Bank and Wells Fargo Bank.

CU Bancorp Appoints David C. Holman as Lead Independent Director

On March 19, 2015 the Board of Directors of CU Bancorp appointed David C. Holman as the Lead Independent Director for the company; a newly created post. Mr. Holman previously served as Chairman of the Board of 1 Enterprise Bank which was acquired by the Company in November 2014 by a merger with and into California United Bank, the Company's wholly owned subsidiary.

 

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CUNB Competitors

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Company Last Change
Bank of Marin Bancorp $50.10 USD +0.03
Cascade Bancorp $4.75 USD -0.05
Guaranty Bancorp $16.01 USD -0.27
Pacific Continental Corp $12.82 USD -0.12
Preferred Bank/Los Angeles CA $27.65 USD -0.88
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Industry Analysis

CUNB

Industry Average

Valuation CUNB Industry Range
Price/Earnings 27.4x
Price/Sales 5.2x
Price/Book 1.3x
Price/Cash Flow 33.7x
TEV/Sales 0.1x
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