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Last $10.75 USD
Change Today 0.00 / 0.00%
Volume 0.0
RWCB On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 03/24/15 All times are local (Market data is delayed by at least 15 minutes).

redwood capital bancorp (RWCB) Snapshot

Open
$10.99
Previous Close
$10.75
Day High
$10.99
Day Low
$10.75
52 Week High
03/24/15 - $10.99
52 Week Low
04/14/14 - $8.51
Market Cap
19.1M
Average Volume 10 Days
80.0
EPS TTM
$1.08
Shares Outstanding
1.8M
EX-Date
01/22/15
P/E TM
10.0x
Dividend
$0.24
Dividend Yield
2.23%
Current Stock Chart for REDWOOD CAPITAL BANCORP (RWCB)

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redwood capital bancorp (RWCB) Details

Redwood Capital Bancorp operates as the bank holding company for Redwood Capital Bank that provides commercial, industrial, agricultural, residential and personal credit, and other banking services in California. It offers various deposits, including personal and business checking and savings products. The company also provides commercial lending products comprising construction and development, and real estate purchase loans; term loans for machinery and equipment; and lines of credit for working capital, as well as personal loans. In addition, it offers online banking services. The company provides its banking services through its branches located in Eureka and Fortuna. Redwood Capital Bancorp is headquartered in Eureka, California.

redwood capital bancorp (RWCB) Top Compensated Officers

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

Executives, Board Directors

redwood capital bancorp (RWCB) Key Developments

Redwood Capital Bancorp Declares Quarterly Cash Dividend, Payable on February 6, 2015; Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Redwood Capital Bancorp announced that the board of directors declared a quarterly cash dividend of $0.06 per share, payable on February 6, 2015 to shareholders of record at the close of business on January 26, 2015. The dividend is equivalent to an annual rate of $0.24 per share or 2.44%, based upon a market price of $9.85 per common share. The company also announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported interest income of $2,779,000 compared to $2,494,000 a year ago. Net interest income was $2,618,000 compared to $2,326,000 a year ago. Income before taxes was $710,000 compared to $715,000 a year ago. Net income was $447,000 compared to $439,000 a year ago. Diluted EPS was $0.24 compared to $0.24 a year ago. The earnings represented a 29% decrease over the September 30, 2014 quarter and a strong increase of 8% over the year ended December 31, 2013. The fluctuations in net income during the fourth quarter are attributed to higher credit related costs and lower non-interest income results.  For the year, the company reported interest income of $10,575,000 compared to $9,765,000 a year ago. Net interest income was $9,947,000 compared to $8,957,000 a year ago. Income before taxes was $3,038,000 compared to $3,027,000 a year ago. Net income was $2,011,000 compared to $1,869,000 a year ago. Diluted EPS was $1.08 compared to $1.03 a year ago. Book value per common share was $9.39 compared to $8.37 a year ago.

Redwood Capital Bancorp Declares Quarterly Cash Dividend, Payable on November 7, 2014; Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

The board of directors of Redwood Capital Bancorp declared a quarterly cash dividend of $0.06 per share, payable on November 7, 2014, to shareholders of record at the close of business on October 27, 2014. The company announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's interest income was $2,772,000 compared with $2,474,000 a year ago. Net interest income was $2,613,000 compared with $2,288,000 a year ago. Income before taxes was $1,015,000 compared with $1,038,000 a year ago. Net income was $633,000 or $0.34 per diluted share compared with $628,000 or $0.35 per diluted share a year ago. As on September 30, 2014, the company's book value per common share was $9.20 compared with $8.40 a year ago. For the nine months, the company's interest income was $7,797,000 compared with $7,271,000 a year ago. Net interest income was $7,329,000 compared with $6,631,000 a year ago. Income before taxes was $2,327,000 compared with $2,312,000 a year ago. Net income was $1,564,000 or $0.84 per diluted share compared with $1,430,000 or $0.79 per diluted share a year ago.

Redwood Capital Bancorp Declares Quarterly Cash Dividend, Payable on August 8, 2014; Announces Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2014

The board of directors of Redwood Capital Bancorp declared a quarterly cash dividend of $0.06 per share, payable on August 8, 2014, to shareholders of record at the close of business on July 28, 2014. The company announced unaudited consolidated earnings results for the second quarter ended June 30, 2014. For the quarter, the company reported interest income of $2,583,000 against $2,457,000 a year ago. Net interest income was $2,432,000 against $2,253,000 a year ago. Net income before provision was $861,000 against $723,000 a year ago. Income before taxes was $711,000 against $698,000 a year ago. Net income was $450,000 against $434,000 a year ago. Diluted earnings per common share were $0.24 against $0.21 a year ago. Book value per common share was $8.93 against $8.10 a year ago. The company reported strong net income after taxes and provision expenses was $450,000, up 4% from the $434,000 reported for the second quarter of 2013 and down 7% for the three months ended March 31, 2014, a record quarter. The increase was primarily attributed to increased Fannie Mae loan originations, strong cost controls and improving overall credit quality.

 

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RWCB

Industry Average

Valuation RWCB Industry Range
Price/Earnings 10.0x
Price/Sales 1.9x
Price/Book -- Not Meaningful
Price/Cash Flow 8.8x
TEV/Sales -- Not Meaningful
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