Last $20.62 USD
Change Today +0.04 / 0.19%
Volume 3.5K
CUNB On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 12:25 PM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

cu bancorp (CUNB) Snapshot

Open
$20.57
Previous Close
$20.58
Day High
$20.67
Day Low
$20.57
52 Week High
12/24/14 - $22.45
52 Week Low
08/4/14 - $16.49
Market Cap
338.6M
Average Volume 10 Days
20.1K
EPS TTM
$0.99
Shares Outstanding
16.4M
EX-Date
--
P/E TM
20.9x
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.

250 Employees
Last Reported Date: 02/2/15

cu bancorp (CUNB) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $581.3K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $321.5K
Chief Operating Officer, Chief Credit Officer...
Total Annual Compensation: $391.5K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $321.5K
Compensation as of Fiscal Year 2013.

cu bancorp (CUNB) Key Developments

CU Bancorp Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2014

CU Bancorp reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. The company reported net interest income after provision for loan losses of $14,015,000, net income before taxation of $2,040,000, net income of $1,307,000 or $0.09 per diluted share against net interest income after provision for loan losses of $11,409,000, net income before taxation of $3,720,000, net income of $2,832,000 or $0.26 per diluted share a year ago. Return on average assets was 0.27% against 0.79% for the same period a year ago. Return on average equity was 2.65% against 8.27% for the same period a year ago. Core return on average assets was 0.61% against 0.79% for the same period a year ago. Core return on average assets was 6.04% against 8.27% for the same period a year ago. Excluding merger-related charges, net income before the provision for income taxes for the fourth quarter of 2014 was $4.4 million, an increase of 19% compared to $3.7 million in the fourth quarter of 2013. Core net income for the fourth quarter of 2014 was $2.7 million or $0.20 per fully diluted share, compared to core net income of $2.8 million or $0.26 per fully diluted share, for the fourth quarter of 2013. Primarily due to record loan growth of $98.5 million in the fourth quarter of 2014, the company recognized a loan loss provision of $1.7 million, compared to a loan loss provision of $934,000 in the year-ago quarter. For the year, the company reported net interest income after provision for loan losses of $53,255,000, net income before taxation of $15,340,000, net income of $8,908,000 or $0.75 per diluted share against net interest income after provision for loan losses of $45,915,000, net income before taxation of $14,793,000, net income of $9,785,000 or $0.90 per diluted share a year ago. Book value per common share at December 31, 2014 was $15.78 against $12.45 at December 31, 2013. Tangible book value per common share at December 31, 2014 was $11.37 against $11.11 at December 31, 2013. Return on average assets was 0.59% against 0.74% for the same period a year ago. Return on average equity was 5.8% against 7.5% for the same period a year ago. Core return on average assets was 0.76% against 0.74% for the same period a year ago. Core return on average assets was 7.49% against 7.49% for the same period a year ago. Net income in 2014 was impacted by $3.5 million in charges related to the merger. Excluding merger-related charges, net income before the provision for income taxes for the full year of 2014 was $18.8 million, an increase of 27% compared to net income before the provision for income taxes of $14.8 million for the full year of 2013. Core net income for the full year 2014 was $11.4 million or $0.98 per fully diluted share, an increase of 16.3% from core net income of $9.8 million or $0.91 per fully diluted share, for the full year 2013. During the fourth quarter of 2014, the company recorded net charge-offs of $458,000, compared with $369,000 during the third quarter of 2014.

CU Bancorp Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

CU Bancorp announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company announced total interest income of $13,238,000 compared to $12,822,000 for the same period a year ago. Net interest income was $12,768,000 compared to $12,306,000 for the same period a year ago. Net income before provision for income tax was $4,706,000 compared to $3,716,000 for the same period a year ago. Net income was $2,549,000 compared to $2,477,000 for the same period a year ago. Diluted earnings per share were $0.23 compared to $0.23 for the same period a year ago. Core net income was $3,180,000 compared to $2,477,000 for the same period a year ago. ROAA was 0.69% compared to 0.74% for the same period a year ago. Core ROAA was 0.86% compared to 0.74% for the same period a year ago. ROAE was 6.85% compared to 7.47% for the same period a year ago. Core ROAE was 8.54% compared to 7.47% for the same period a year ago. Diluted core earnings per share were $0.28 compared to $0.23 for the same period a year ago. The increase in non-interest income was primarily due to $204,000 in transaction referral income in the third quarter of 2014, compared to none in the year-ago quarter, a $92,000 increase in lending-related fees and a $68,000 increase in gain on sale from SBA loans and a positive swing of $61,000 in unhedged swaps. For the nine months, the company announced total interest income of $38,913,000 compared to $38,005,000 for the same period a year ago. Net interest income was $37,519,000 compared to $36,424,000 for the same period a year ago. Net income before provision for income tax was $13,300,000 compared to $11,073,000 for the same period a year ago. Net income was $7,601,000 compared to $6,953,000 for the same period a year ago. Diluted earnings per share were $0.68 compared to $0.65 for the same period a year ago. Tangible book value per common share was $11.95 compared to $10.91 for the same period a year ago. Book value per common share was $13.25 compared to $12.19 for the same period a year ago. Core net income was $8,729,000 compared to $6,996,000 for the same period a year ago.

CU Bancorp to Report Q3, 2014 Results on Oct 28, 2014

CU Bancorp announced that they will report Q3, 2014 results on Oct 28, 2014

 

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Industry Analysis

CUNB

Industry Average

Valuation CUNB Industry Range
Price/Earnings 27.3x
Price/Sales 4.5x
Price/Book 1.3x
Price/Cash Flow 25.9x
TEV/Sales NM Not Meaningful
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