Last $12.38 USD
Change Today 0.00 / 0.00%
Volume 0.0
PFCF On Other Exchanges
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Exchange
OTC US
As of 4:30 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

pacific city financial corp (PFCF) Snapshot

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Previous Close
$12.38
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52 Week High
08/6/14 - $14.00
52 Week Low
06/4/14 - $11.00
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Average Volume 10 Days
0.0
EPS TTM
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Shares Outstanding
1.7M
EX-Date
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P/E TM
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Current Stock Chart for PACIFIC CITY FINANCIAL CORP (PFCF)

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pacific city financial corp (PFCF) Details

Pacific City Financial Corporation operates as the bank holding company for Pacific City Bank that provides various commercial banking services to individuals, and small and medium sized businesses in southern California. The company offers checking, savings, and money market accounts, as well as certificates of deposit. It also provides commercial real estate loans, small business loans and line of credit, trade finance loans, auto loans, residential mortgage loans, and small business administration loans. In addition, the company offers merchant services, debit cards, and remote deposit services. It operates through a network of nine branch offices, as well as seven loan production offices in Lynwood and Bellevue, Washington; Chicago, Illinois; Annandale, Virginia; Atlanta, Georgia; San Francisco, California; and Palisades Park, New Jersey. The company was founded in 2003 and is headquartered in Los Angeles, California.

pacific city financial corp (PFCF) Top Compensated Officers

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pacific city financial corp (PFCF) Key Developments

Pacific City Financial Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Pacific City Financial Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company announced total interest income of $9,542,000 compared to $7,990,000 for the same period a year ago. Net interest income was $8,257,000 compared to $6,893,000 for the same period a year ago. Net income before tax was $6,758,000 compared to $3,834,000 for the same period a year ago. Net income after tax was $3,664,000 compared to $11,869,000 for the same period a year ago. Net income available for common shareholders was $3,608,000 compared to $11,560,000 for the same period a year ago. Earnings per common shares, diluted were $0.42 compared to $1.38 for the same period a year ago. Net income increased compared with the previous quarter primarily due to the increase of $780,000 in gain on sale of loans to $3.0 million and an increase of $391,000 in net interest income to $8.3 million, partially offset by an increase of $941,000 in income tax provision to $3.1 million. Net income decreased compared with the third quarter of 2013 was primarily due to the recognition of income tax expenses of $3.1 million for the third quarter of 2014 instead of the recognition of a non-recurring tax benefit of $8.0 million from the partial reversal of remaining deferred tax asset valuation allowance in the third quarter of 2013. Return on average assets was 1.75% compared to 6.84% for the same period a year ago. Return on average stockholders' equity was 17.99% compared to 63.20% for the same period a year ago. For the nine months, the company announced total interest income of $27,081,000 compared to $22,790,000 for the same period a year ago. Net interest income was $23,415,000 compared to $19,542,000 for the same period a year ago. Net income before tax was $16,333,000 compared to $10,323,000 for the same period a year ago. Net income after tax was $9,461,000 compared to $18,358,000 for the same period a year ago. Net income available for common shareholders was $9,125,000 compared to $17,442,000 for the same period a year ago. Earnings per common shares, diluted were $1.07 compared to $2.08 for the same period a year ago.

Pacific City Financial Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Reports Charge-Off for the First Quarter Ended March 31, 2014

Pacific City Financial Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported that total interest income was $8,490,000 compared to $7,166,000 a year ago. Net interest income was $7,292,000 compared to $6,101,000 a year ago. Net interest income after PLL was $7,678,000 compared to $5,529,000 a year ago. Net income before tax was $4,110,000 compared to $3,212,000 a year ago. Net income available for common shareholders was $2,329,000 or $0.28 per basic and diluted share compared to $2,906,000 or $0.35 per basic and diluted share a year ago. Tangible common equity per share was $8.45 as on March 31, 2014 compared to $6.15 as on March 31, 2013. Net interest income increase compared with the first quarter of 2013 was mainly due to the increase of $108.1 million in average balance of interest earning assets to $725.8 million from $617.8 million. Return on average assets was 1.34% compared to 2.07% a year ago. Return on average stockholder' equity was 12.91% compared to 19.35% a year ago. Net income available to common shareholders for the first quarter of 2014 decreased mainly due to the decrease of $926,000 in gain on sale of loans resulted from less sale of loans compared with the fourth quarter of 2014 and decreased mainly due to the increase of $1.6 million in income tax provision compared with the first quarter of 2013. For the quarter, the company recognized charge-off of $545,000.

Pacific City Financial Corp. will Change its Ticker to PFCF from PFCFD

Effective April 16, 2014, Pacific City Financial Corp. will change its Pink Sheets LLC stock ticker symbol to PFCF from PFCFD.

 

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PFCF

Industry Average

Valuation PFCF Industry Range
Price/Earnings 8.6x
Price/Sales 2.3x
Price/Book 1.3x
Price/Cash Flow 5.2x
TEV/Sales 0.3x
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