Last $12.00 USD
Change Today 0.00 / 0.00%
Volume 1.5K
CABC On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

california bank of commerce (CABC) Snapshot

Open
$12.00
Previous Close
$12.00
Day High
$12.00
Day Low
$12.00
52 Week High
10/28/13 - $12.00
52 Week Low
05/23/14 - $10.05
Market Cap
33.0M
Average Volume 10 Days
5.1K
EPS TTM
$1.07
Shares Outstanding
2.8M
EX-Date
--
P/E TM
11.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for CALIFORNIA BANK OF COMMERCE (CABC)

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california bank of commerce (CABC) Details

California Bank of Commerce provides a range of banking products and services to businesses, professionals, and non-profit organizations in the United States. The company accepts various deposit products, including checking and attorney trust accounts; and offers international banking services comprising export and import letters of credits; cash management; online banking; and mobile banking services. It also provides various lending products, such as commercial loans comprising lines of credit, standby letters of credit, and term loans; commercial real estate loans, including construction loans, bridge loans, land acquisition and development loans, and commercial real estate equity loans; and loans for business owners and officers comprise personal lines of credit and home equity loans/lines of credit. The company was founded in 2007 and is based in Lafayette, California.

california bank of commerce (CABC) Top Compensated Officers

Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $230.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $254.0K
Chief Credit Officer, Director, Member of Dir...
Total Annual Compensation: $198.0K
Compensation as of Fiscal Year 2012.

california bank of commerce (CABC) Key Developments

California Bank of Commerce Announces New Hires

California Bank Of Commerce announced the addition of six new banking professionals. Kevin Knox was named Senior Vice President of CBC Business Credit in San Jose, California. Knox will be responsible for developing new business and managing ongoing ABL client relationships. He was previously a Senior Vice President at Heritage Bank of Commerce where he led the asset based lending group. Prior to Heritage, Knox was a Vice President of Asset Based Lending for County Bank in San Jose. Melinda Ficek was announced as a Vice President of CBC Business Credit, leading the unit's business development efforts in Southern California. Ficek has over 15 years of experience in loan origination and business development. She has had ABL positions with First Capital and Celtic Bank. Tyler Smith was named ABL Business Development Officer, CBC Business Credit. Smith will be responsible for developing new ABL business leads in Northern California. She was previously the Chapter Executive for both the Turnaround Management Association and the Commercial Finance Association. Kristina Soto was named Assistant Vice President, CBC Business Credit. She will be responsible for ABL loan origination processing, credit analysis, and relationship management. Soto was previously with Heritage Bank of Commerce and County Bank, where she was a credit analyst in asset based lending. Roy Bigge was named Senior Vice President of California Bank of Commerce. Bigge will be responsible for commercial business development in the South Bay. He was previously Senior Director of Business Development with SOAProjects. Coral McDermott was named AVP, Assistant Relationship Manager, of California Bank of Commerce. She will join the Bank's team of underwriters and credit analysts who are critical to maintaining the Bank's strong credit quality.

California Bank of Commerce Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

California Bank of Commerce reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported interest income of $3,954,000 compared to $3,446,000 for the same period a year ago. Income before tax provision was $1,549,000 compared to $1,039,000 last year. Net income was $920,000, or $0.320 per basic share compared to $597,000 or $0.207 per basic share last year. For the quarter ended June 30, 2014 compared to the quarter ended June 30, 2013, net interest income increased by 17% to $3.6 million compared to $3.1 million last year. The year over year increase in net interest income was primarily driven by a combination of strong growth in average loan balances as well as an improved net interest margin. Income to common shareholders was $893,000 compared to $569,000 last year. Return on average assets was 1.00% compared to 0.71% last year. Return on average tangible common equity was 12.12% compared to 8.97% last year. For the six months, the company reported interest income of $7,813,000 compared to $6,811,000 for the same period a year ago. Income before tax provision was $2,833,000 compared to $1,823,000 last year. Net income was $1,676,000, or $0.584 per basic share compared to $1,151,000 or $0.398 per basic share last year. Net interest income after provision was $7,358,000 compared to $5,820,000 last year. Income to common shareholders was $1,622,000 compared to $1,096,000 last year. Return on average assets was 0.92% compared to 0.68% last year. Return on average tangible common equity was 11.43% compared to 8.78% last year.

California Bank Mulls Financing

California Bank Of Commerce (OTCPK:CABC) plans to raise $12 million to $16 million to finance expansion.

 

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Industry Analysis

CABC

Industry Average

Valuation CABC Industry Range
Price/Earnings 11.2x
Price/Sales 2.1x
Price/Book 0.9x
Price/Cash Flow 10.7x
TEV/Sales NM Not Meaningful

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