Last $9.35 USD
Change Today 0.00 / 0.00%
Volume 212.0
FCSB On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

focus business bank ca (FCSB) Snapshot

Open
$9.35
Previous Close
$9.35
Day High
$9.35
Day Low
$9.35
52 Week High
08/12/14 - $9.50
52 Week Low
08/28/13 - $8.49
Market Cap
27.0M
Average Volume 10 Days
1.4K
EPS TTM
$0.39
Shares Outstanding
2.9M
EX-Date
--
P/E TM
24.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for FOCUS BUSINESS BANK CA (FCSB)

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focus business bank ca (FCSB) Details

Focus Business Bank offers personal and commercial banking services. The bank was founded in 2007 and is based in San Jose, California.

35 Employees
Last Reported Date: 07/30/14
Founded in 2007

focus business bank ca (FCSB) Top Compensated Officers

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Executives, Board Directors

focus business bank ca (FCSB) Key Developments

Focus Business Bank Appoints Michael R. Ong as Executive Vice President and Chief Credit Officer

Focus Business Bank announced that Michael R. Ong has been named executive vice president and chief credit officer. Mr. Ong assumed the position of former executive vice president and chief credit officer Kenneth A. Corsello, who retired. As the chief credit officer, Ong is responsible for all lending activity including loan origination, servicing, compliance and asset quality. In addition, Ong is a member of the Bank's executive management team which is charged with executing its long term strategy. Mr. Ong is a senior executive with a unique background of middle market business leadership combined with decades of senior credit officer experience for well-known commercial banks. In addition to advisory roles as a management consultant with Bay Area based Burke Capital Corporation, he has held positions as co-president, acting CFO, chief restructuring officer and court-appointed receiver.

Focus Business Bank Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Focus Business Bank announced unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income of $2,117,000 against $1,633,000 a year ago. Pre-tax income was $512,000 against $257,000 a year ago. Net income was $313,000 or $0.11 diluted per share against $162,000 or $0.06 diluted per share a year ago. Return on average assets was 2.62% against 2.96% a year ago. Return on average equity was 4.56% against 2.46% a year ago. The increases in net income compared to the same period in 2013 were primarily attributable to growth in net interest income resulting from a significant increase in earning assets and an increase in non-interest income from gains on sales of SBA loans, partially offset by increases in operating expenses, the provision for loan losses and income taxes. The increase in net interest income was directly related to the higher volume of earning assets funded by growth in deposits. The increase in net interest income attributable to higher volumes of earning assets was partially offset by decreases in the net interest margin related to a lower loan to deposit ratio and market interest rates which remain at historically low levels. For the six months, the company reported net interest income of $4,140,000 against $3,195,000 a year ago. Pre-tax income was $911,000 against $484,000 a year ago. Net income was $565,000 or $0.19 diluted per share against $313,000 or $0.11 diluted per share a year ago. Return on average assets was 2.68% against 2.97% a year ago. Return on average equity was 4.17% against 2.39% a year ago. The increases in net income compared to the same period in 2013 were primarily attributable to growth in net interest income resulting from a significant increase in earning assets and an increase in non-interest income from gains on sales of SBA loans, partially offset by increases in operating expenses, the provision for loan losses and income taxes. The increase in net interest income attributable to higher volumes of earning assets was partially offset by decreases in the net interest margin related to a lower loan to deposit ratio and market interest rates which remain at historically low levels.

Focus Business Bank Appoints Karl T. Lofthouse as Vice President

Focus Business Bank announced that Karl T. Lofthouse has joined the Bank as vice president, HOA specialty banking lender. This announcement was made by Teresa Powell, executive vice president of the bank. Prior to joining the bank, Mr. Lofthouse was with First Bank as an HOA loan originator and underwriter. He also served in the same capacity with Wells Fargo Bank and Bank of San Francisco, where in addition to his lending responsibilities he managed the Bank of San Francisco's HOA banking department.

 

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FCSB

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Valuation FCSB Industry Range
Price/Earnings 24.1x
Price/Sales 2.8x
Price/Book 1.0x
Price/Cash Flow -- Not Meaningful
TEV/Sales -- Not Meaningful

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