Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $5.00 USD
Change Today 0.00 / 0.00%
Volume 0.0
PMRA On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

proamerica bank (PMRA) Snapshot

Open
$5.00
Previous Close
$5.00
Day High
$5.00
Day Low
$5.00
52 Week High
06/2/14 - $6.75
52 Week Low
04/20/15 - $4.70
Market Cap
13.9M
Average Volume 10 Days
60.0
EPS TTM
$0.16
Shares Outstanding
2.8M
EX-Date
--
P/E TM
31.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for PROAMERICA BANK (PMRA)

Related News

No related news articles were found.

proamerica bank (PMRA) Details

Promérica Bank provides commercial banking services to small and mid-size businesses, non-profit sector, and professional services firms with a focus on women owned businesses and the Latino community in Los Angeles. Its business banking services include business checking, sweep accounts, zero-balance accounts, money market accounts, high yield accounts, business savings, business certificates of deposit, business lines of credit, accounts receivable and inventory finance, business term loans, government guaranteed programs, and corporate cards services. The company’s personal banking services comprise checking accounts, bill pay services, on-call telephone banking, savings accounts, individual retirement accounts, credit cards, and loans. It also offers on-line banking, merchant card services, and business cash management services. Promérica Bank was founded in 2006 and is based in Los Angeles, California.

Founded in 2006

proamerica bank (PMRA) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

proamerica bank (PMRA) Key Developments

ProAmerica Bank Appoints Francesca Sweet to Board of Directors; Announces Earnings Results for the First Quarter Ended March 31, 2015

ProAmerica Bank announced the appointment of Francesca Sweet to the Bank's Board of Directors. Ms. Sweet is Director of Product Management for Beats by Dr. Dre, a premier consumer electronics and audio brand. The company announced earnings results for the first quarter ended March 31, 2015. For the quarter, the company's net interest income was $1.5 million compared with $1.5 million a year ago. Pre-lax loss was $0.13 million compared with pre-tax income of $0.13 million a year ago. The decline resulted from the nonrecurring items mentioned above and no gains on sales of SBA loans in 2015 versus $94,000 in 2014. Net loss was $0.079 million or $0.03 per basic and diluted share compared with net income of $0.076 million or $0.03 per basic and diluted share a year ago. The bank's first quarterly loss in over three years resulted primarily from nonrecurring personnel expense. As on March 31, 2015, the company's book value per share was $8.77. Return on average assets was negative at 0.20% compared with return on average assets of 0.20% a year ago. Return on average common equity was negative at 1.29% compared with return on average common equity of 1.28% a year ago.

ProAmerica Bank Announces Executive Changes

ProAmerica Bank announced that L. Bruce Mills, who has served as the President and CEO of ProAmerica Bank, has announced his resignation, effective March 31, 2015, to pursue other interests. ProAmerica Bank Director, Sal Varela was named acting President and CEO, and will serve in that position until a permanent replacement is found. Mr. Varela is a founding shareholder of the Company and has served on its Board of Directors and chaired the Board's Loan Committee since the Bank's founding. He previously served as the Director and Vice Chairman of the Board of another Los Angeles-based community bank for more than 10 years and led one of the country's large insurance financial services agencies for Equitable-AXA Advisors.

PROAMÉRICA BANK Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

PROAMÉRICA BANK reported unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total interest income of $1,702,000 against $1,685,000 a year ago. Net interest income was $1,573,000 against $1,565,000 a year ago. Pre-tax income was $308,000 against $772,000 a year ago. Net income was $182,000 against $3,721,000 a year ago. Earnings per share – diluted were $0.06 against $1.32 a year ago. Book value per common share was $8.78 against $8.54 a year ago. Return on average assets was 0.44% against 9.90% a year ago. Return on average common equity was 3.00% against 70.00% a year ago. Adjusted income from operations (income before provisions for loan losses and income taxes) was $648,000 compared to $772,000 in the fourth quarter of 2013. For the full year, the company reported total interest income of $6,775,000 against $6,506,000 a year ago. Net interest income was $6,310,000 against $6,024,000 a year ago. Pre-tax income was $1,063,000 against $1,572,000 a year ago. Net income was $626,000 against $4,520,000 a year ago. Earnings per share – diluted were $0.22 against $1.62 a year ago. Book value per common share was $8.78 against $8.54 a year ago. Return on average assets was 0.40% against 2.98% a year ago. Return on average common equity was 2.61% against 22.90% a year ago. Adjusted income from operations was $1,403,000 compared to $1,172,000 in 2013.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
PMRA:US $5.00 USD 0.00

PMRA Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for PMRA.
View Industry Companies
 

Industry Analysis

PMRA

Industry Average

Valuation PMRA Industry Range
Price/Earnings 30.2x
Price/Sales 2.0x
Price/Book 0.6x
Price/Cash Flow -- Not Meaningful
TEV/Sales -- Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact PROAMERICA BANK, please visit www.promericabank.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.