Last $6.40 USD
Change Today -0.1015 / -1.56%
Volume 3.4K
FCTY On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 4:30 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

1st century bancshares inc (FCTY) Snapshot

Open
$6.37
Previous Close
$6.50
Day High
$6.46
Day Low
$6.31
52 Week High
03/3/14 - $9.28
52 Week Low
12/19/14 - $6.31
Market Cap
65.1M
Average Volume 10 Days
2.6K
EPS TTM
$0.20
Shares Outstanding
10.2M
EX-Date
--
P/E TM
32.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for 1ST CENTURY BANCSHARES INC (FCTY)

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1st century bancshares inc (FCTY) Details

1st Century Bancshares, Inc. operates as a bank holding company for 1st Century Bank, National Association that provides a range of banking services. Its deposits products include business and personal checking, money market, certificates of deposits, attorney-client trust, and trust accounts. The company also offers loans consisting of business and personal lines of credit and term loans; tenant improvement and equipment financing; bridge and/or specific purpose loans; commercial, industrial, multi-family, and 1-4 single family residential real estate loans; and personal home equity loans and lines of credit. In addition, it provides cash management services; debit and credit cards; and online banking services. The company serves family owned businesses and their employees, professional service firms, real estate professionals and investors, small and medium-sized businesses, and high net worth individuals, as well as the legal, accounting, and medical professions. It operates a branch office and a private banking center in Los Angeles. The company was founded in 2003 and is headquartered in Los Angeles, California.

63 Employees
Last Reported Date: 03/7/14
Founded in 2003

1st century bancshares inc (FCTY) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $391.2K
President, Chief Operating Officer, Corporate...
Total Annual Compensation: $452.2K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $306.1K
Compensation as of Fiscal Year 2013.

1st century bancshares inc (FCTY) Key Developments

1st Century Bancshares, Inc. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

1st Century Bancshares, Inc. announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income of $4,649,000 against $4,009,000 a year ago. Net income was $626,000 against $803,000 a year ago. Diluted earnings per share were $0.06 against $0.09 a year ago. The decline in net income during the three months ended September 30, 2014 as compared to the same period last year was primarily due to a $453,000 increase in income tax provisions and a $447,000 increase in non-interest expenses. For the nine months, the company reported net interest income of $13,504,000 against $11,761,000 a year ago. Net income was $1,807,000 against $6,646,000 a year ago. Diluted earnings per share were $0.19 against $0.74 a year ago. The net income variance during the nine months ended September 30, 2014, compared to the same period last year, was primarily attributable to a $4.5 million increase in income tax provisions. This increase was related to an income tax benefit of approximately $3.2 million recognized during the nine months ended September 30, 2013 in connection with the reversal of deferred tax valuation allowance, as compared to $1.3 million of income tax provisions recognized during the nine months ended September 30, 2014.

1st Century Bancshares, Inc. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

1st Century Bancshares, Inc. announced earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income of $4,509,000 against $3,868,000 a year ago. Net income was $779,000 against $4,401,000 a year ago. Diluted earnings per share were $0.08 against $0.49 a year ago. Pre-tax, pre-provision earnings were $1,444,000 against $1,185,000 a year ago. For the six months, the company reported net interest income of $8,855,000 against $7,752,000 a year ago. Net income was $1,181,000 against $5,843,000 a year ago. Diluted earnings per share were $0.12 against $0.65 a year ago. Pre-tax, pre-provision earnings were $2,156,000 against $2,165,000 a year ago. At June 30, 2014 and 2013, the company's book value per share was $5.83 and $5.77, respectively.

1st Century Bancshares, Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014

1st Century Bancshares, Inc. reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net income of $402,000, compared to $1.4 million for the same period last year. The decline in net income during the period as compared to the same period last year was primarily due to a $736,000 increase in non-interest expense and a $272,000 increase in income tax provisions during the quarter ended March 31, 2014 as compared to the same period in the year prior and a $500,000 reversal of provision for loan losses that was recorded during the quarter ended March 31, 2013. At March 31, 2014 and 2013, the Company's book value per share was $5.85 and $5.54, respectively, representing an increase of 5.6%. Pre-tax, pre-provision earnings was $712,000, compared to $980,000, for the same period last year. Net Interest Income was $4,346,000 against $3,884,000 for the same period a year ago. Diluted Earnings per share was $0.04 against $0.16 for the same period a year ago.

 

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Industry Analysis

FCTY

Industry Average

Valuation FCTY Industry Range
Price/Earnings 30.8x
Price/Sales 3.2x
Price/Book 1.0x
Price/Cash Flow 32.6x
TEV/Sales NM Not Meaningful
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