Last $18.97 USD
Change Today +0.09 / 0.48%
Volume 13.4K
As of 8:10 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

cu bancorp (CUNB) Snapshot

Open
$18.93
Previous Close
$18.88
Day High
$18.99
Day Low
$18.81
52 Week High
06/23/14 - $19.50
52 Week Low
08/4/14 - $16.49
Market Cap
212.9M
Average Volume 10 Days
12.5K
EPS TTM
$0.98
Shares Outstanding
11.2M
EX-Date
--
P/E TM
19.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for CU BANCORP (CUNB)

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cu bancorp (CUNB) Details

CU Bancorp operates as a bank holding company for California United Bank that provides various banking products and services in Southern California. The company offers deposit products, including non-interest bearing demand deposits, interest bearing demand deposits, money market accounts, time certificates of deposit, and savings accounts. Its loan portfolio comprises commercial and industrial loans; construction, land development, and other land loans; commercial real estate loans; SBA loans; and home equity lines of credit, as well as secured and unsecured personal loans. In addition, the company provides commercial and stand-by letters of credit, wire transfer services, on site automated teller machines, Visa debit cards, and ATM cards; and bank-by-mail, courier, armored transport, cash vault, cash management, telephone banking, and credit card services, as well as Internet banking services. It serves small and medium-sized businesses, non-profit organizations, business owners and entrepreneurs, and the professional community, including attorneys, certified public accountants, financial advisors and healthcare providers, and investors. The company operates through eight full service branch offices located in Los Angeles, Orange, and Ventura counties in Southern California. CU Bancorp is headquartered in Encino, California.

177 Employees
Last Reported Date: 08/8/14

cu bancorp (CUNB) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $581.3K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $321.5K
Chief Operating Officer, Chief Credit Officer...
Total Annual Compensation: $391.5K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $321.5K
Chief Accounting Officer, Senior Vice Preside...
Total Annual Compensation: $157.7K
Compensation as of Fiscal Year 2013.

cu bancorp (CUNB) Key Developments

CU Bancorp Presents at FIG Partners 10th Annual Bank CEO Forum, Sep-15-2014

CU Bancorp Presents at FIG Partners 10th Annual Bank CEO Forum, Sep-15-2014 . Venue: Four Seasons, Atlanta, Georgia, United States.

CU Bancorp Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Net Charge-Offs for the Second Quarter Ended June 30, 2014

CU Bancorp announced 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 $13,039,000 against $13,114,000 a year ago. Net interest income was $12,578,000 against $12,580,000 a year ago. Net income before provision for income tax was $4,255,000 against $3,836,000 a year ago. Net income was $2,386,000 or $0.21 diluted per share against $2,321,000 or $0.22 diluted per share a year ago. Core net income for the second quarter of 2014 was $2.9 million, or $0.26 per diluted share, an increase of 24% from core net income of $2.3 million, or $0.22 per share for the second quarter of 2013. Return on average assets was 0.69% against 0.73% a year ago. Return on average equity was 6.63% against 7.16% a year ago. Core diluted earnings per share was $0.26 against $0.22 per share a year ago. Net income for the second quarter of 2014 was impacted by $497,000 in merger-related expenses; the second quarter of 2013 had no merger-related expenses. Excluding merger-related charges, net income before the provision for income taxes in the second quarter of 2014 was $4.8 million, compared to net income before the provision for income taxes of $3.8 million in the second quarter of 2013. For the six months, the company reported total interest income of $25,675,000 against $25,183,000 a year ago. Net interest income was $24,751,000 against $24,118,000 a year ago. Net income before provision for income tax was $8,594,000 against $7,357,000 a year ago. Net income was $5,052,000 or $0.45 diluted per share against $4,476,000 or $0.42 diluted per share a year ago. Tangible book value per common share was $11.66 against $10.78 per share a year ago. Book value per common share was $12.96 against $12.07 per share a year ago. For the quarter, the company reported net charge-offs of $53,000 against $582,000 a year ago.

CU Bancorp Presents at KBW's 15th Annual Community Bank Investor Conference, Jul-29-2014

CU Bancorp Presents at KBW's 15th Annual Community Bank Investor Conference, Jul-29-2014 . Venue: The Grand Hyatt Grand Central, New York, New York, United States. Speakers: David I. Rainer, Chairman of the Board, Chief Executive Officer, President, Chairman of California United Bank, Chief Executive Officer of Californiaunited Bank and President of California United Bank, Karen A. Schoenbaum, Chief Financial Officer, Executive Vice President, Chief Financial Officer of California United Bank and Executive Vice President of California United Bank.

 

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Industry Analysis

CUNB

Industry Average

Valuation CUNB Industry Range
Price/Earnings 20.1x
Price/Sales 3.8x
Price/Book 1.5x
Price/Cash Flow 20.4x
TEV/Sales NM Not Meaningful
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