Last $29.00 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

california republic bancorp (CRPB) Key Developments

California Republic Bancorp Announces Earnings Results for the First Quarter Ended March 31, 2014

California Republic Bancorp announced earnings results for the first quarter ended March 31, 2014. The company has reported that net income for the first quarter ended March 31, 2014 was $2.97 million, or $0.56 per basic share, compared to $82,000, or $0.02 per basic share, for the same quarter ended March 31, 2013. Net interest income for the first quarter ended March 31, 2014 was $9.03 million, compared to $6.21 million for the same quarter ended March 31, 2013. Income before income taxes for the first quarter ended March 31, 2014 was $5.20 million, compared to $216,000 for the same quarter ended March 31, 2013.

California Republic Bancorp Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

California Republic Bancorp reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company announced record net income of $3.0 million or $0.56 per basic common share compared with $0.1 million or $0.02 per basic common share for the same period a year earlier. Net interest income grew $2.8 million, or 46%, to $9.0 million for the first quarter of 2014 compared with $6.2 million for the same period a year ago. Return on average equity was 19.1% and return on average assets was 1.5% for the first quarter of 2014 compared with 0.6% and 0.1%, respectively, for the same period a year earlier. Total interest income was $9.61 million compared with $6.76 million for the same period a year ago. Income before income taxes was $5.19 million compared with $0.22 million for the same period a year ago. Book value per share was $12.49 compared to $10.74 as at March 31, 2013.

California Republic Bancorp Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

California Republic Bancorp reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, total interest income was $8,859,000 against $6,735,000 a year ago. Net interest income was $8,279,000 against $6,142,000 a year ago. Net interest income after provision for loan losses was $9,159,000 against $7,708,000 a year ago. Income before income taxes was $4,562,000 against $7,608,000 a year ago. The decrease in pre-tax income was primarily the result of higher noninterest expense as the Company continues to make significant investments in its auto lending platform to support its nationwide expansion. Net income was $2,594,000 or $0.50 per basic share against $5,217,000 or $1.00 per basic share a year ago. Net income decreased, resulting from additional income tax expense of $1.3 million in 2013 due to a net loss carry forward in 2012, which was no longer available in 2013. Return on average equity was 17.18% against 37.72% a year ago. Return on average assets was 1.27% against 3.39% a year ago. For the full year, total interest income was $31,701,000 against $25,163,000 a year ago. Net interest income was $29,393,000 against $23,192,000 a year ago. Net interest income after provision for loan losses was $29,533,000 against $22,401,000 a year ago. Income before income taxes was $8,407,000 against $10,125,000 a year ago. Net income was $4,729,000 or $0.91 per basic share against $7,734,000 or $1.49 per basic share a year ago. Return on average equity was 8.14% against 15.34% a year ago. Return on average assets was 0.66% against 1.52% a year ago. Book value per share was $11.72 against $9.15 a year ago.

California Republic Bancorp Presents at Groundhog Day Investment Forum, Feb-06-2014

California Republic Bancorp Presents at Groundhog Day Investment Forum, Feb-06-2014 . Venue: Radisson Plaza-Warwick Hotel, 17th & Locust Streets, Philadelphia, Pennsylvania, United States.

California Republic Bancorp Appoints Mark Olson as its New CFO, Effective from February 3, 2014

California Republic Bancorp announced the hiring of Mark Olson as its new CFO, starting February 3, 2014. The Bancorp also announced that its current CFO, Andy Reid, will stay on as its Chief Accountant and report directly to Mr. Olson going forward. He will be responsible for overseeing all accounting functions of the holding company. Mark Olson comes to California Republic Bank with a distinguished and impressive resume. Most recently he served as the CFO of Heritage Oaks Bank in Paso Robles. Prior to that Mr. Olson was the CFO of Santa Barbara Bank & Trust.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CRPB:US $29.00 USD 0.00

CRPB Competitors

Market data is delayed at least 15 minutes.

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

Industry Analysis

CRPB

Industry Average

Valuation CRPB Industry Range
Price/Earnings 19.9x
Price/Sales 3.0x
Price/Book -- Not Meaningful
Price/Cash Flow -- Not Meaningful
TEV/Sales -- Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CALIFORNIA REPUBLIC BANCORP, please visit . 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.