July 29, 2014 5:58 AM ET

Banks

Company Overview of Square 1 Financial, Inc.

Company Overview

Square 1 Financial, Inc. operates as the holding company for Square 1 Bank that provides a range of banking and financial products and services to the entrepreneurial community, and venture capital and private equity firms in the United States. It offers depository products, including checking accounts, money market accounts, and certificates of deposit. The company also provides commercial lending products, such as term commercial loans, revolving lines of credit, equipment loans, asset-based loans, credit cards, and capital call loans; and real estate secured, government-guaranteed, and construction loans. In addition, it offers fee-based banking services comprising foreign exchange and ca...

406 Blackwell Street

Suite 240

Durham, NC 27701

United States

Founded in 2004

245 Employees

Phone:

866-355-0468

Key Executives for Square 1 Financial, Inc.

Chief Executive Officer
Age: 55
Total Annual Compensation: $500.0K
Founder and Executive Vice President of Venture Capital Services & Global Treasury Management
Age: 55
Total Annual Compensation: $270.8K
Chief Financial Officer
Age: 45
Total Annual Compensation: $250.0K
Executive Vice President of Shared Services
Age: 51
Total Annual Compensation: $249.6K
Compensation as of Fiscal Year 2013.

Square 1 Financial, Inc. Key Developments

Square 1 Financial, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Charge Offs for the Second Quarter Ended June 30, 2014

Square 1 Financial, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total interest income of $25,075,000 against $18,024,000 a year ago. Net interest income was $24,876,000 against $17,692,000 a year ago. Income before income tax expense was $11,498,000 against $7,417,000 a year ago. Net income available to common shareholders was $8,050,000 against $5,055,000 a year ago. Diluted earnings per share were $0.27 against $0.21 a year ago. Adjusted operating revenue was $32,368,000 against $25,676,000 a year ago. Non-GAAP net operating income before taxes was $12,617,000 against $7,826,000 a year ago. Non-GAAP net interest income (fully tax equivalent basis) was $25,863,000 against $18,372,000 a year ago. Return on average assets was 1.22% against 1.01% a year ago. Return on average common equity was 11.74% against 11.28% a year ago. Book value per common share was $9.91 against $7.36 a year ago. Tangible book value per common share as of June 30, 2014 was $9.88 against $7.36 a year ago. For the six months, the company reported total interest income of $47,875,000 against $35,055,000 a year ago. Net interest income was $47,383,000 against $34,420,000 a year ago. Income before income tax expense was $22,597,000 against $12,394,000 a year ago. Net income available to common shareholders was $15,836,000 against $8,349,000 a year ago. Diluted earnings per share were $0.58 against $0.35 a year ago. Adjusted operating revenue was $63,157,000 against $47,420,000 a year ago. Non-GAAP net operating income before taxes was $24,859,000 against $13,784,000 a year ago. Non-GAAP net interest income (fully tax equivalent basis) was $49,321,000 against $35,659,000 a year ago. For the quarter, the company reported net charge offs of $688,000 against $2,306,000 a year ago.

Square 1 Financial, Inc. to Report Q2, 2014 Results on Jul 25, 2014

Square 1 Financial, Inc. announced that they will report Q2, 2014 results on Jul 25, 2014

Square 1 Financial, Inc., Q2 2014 Earnings Call, Jul 25, 2014

Square 1 Financial, Inc., Q2 2014 Earnings Call, Jul 25, 2014

Similar Private Companies By Industry

Company Name Region
TXUI Statutory Trust I United States
Englewood Bank United States
First Trust Bank United States
Prosperity Statutory Trust III United States
First National Bank and Trust Company (Falls City, NE) United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Square 1 Financial, Inc., please visit www.square1financial.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.