Last $11.45 USD
Change Today -0.20 / -1.72%
Volume 3.1K
CABC On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

california bank of commerce (CABC) Snapshot

Open
$11.55
Previous Close
$11.65
Day High
$11.55
Day Low
$11.40
52 Week High
10/28/13 - $12.00
52 Week Low
05/23/14 - $10.05
Market Cap
31.5M
Average Volume 10 Days
2.3K
EPS TTM
$1.07
Shares Outstanding
2.8M
EX-Date
--
P/E TM
10.7x
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 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.

California Bank of Commerce Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014

California Bank of Commerce reported unaudited earnings results for the first quarter ended March 31, 2014. The company reported basic earnings per share were $0.26 for the first quarter of 2014, compared to $0.19 per share for the same period in 2013. For the quarter ended March 31, 2014 compared to the quarter ended March 31, 2013, net interest income increased by 19% to $3.6 million compared to $3.0 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, non-interest bearing deposits, as well as an improved net interest margin. Net income reached $756,000 for the first quarter ending March 31, 2014, increasing $202,000 or 36% compared to the same period in 2013. Net income improved for the quarter on increased average earning assets and an improved net interest margin. Return on average assets was 0.85% during the first quarter of 2014, compared to 0.65% for the same period in 2013, while return on average common equity reached 10.69% during the first quarter of 2014 compared to 8.60% for the first quarter of 2012. Interest income was $3.86 million, compared to $3.36 million for the same quarter ended March 31, 2013.

 

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CABC

Industry Average

Valuation CABC Industry Range
Price/Earnings 12.2x
Price/Sales 2.1x
Price/Book 0.8x
Price/Cash Flow 11.6x
TEV/Sales NM Not Meaningful

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