2023-01-26 01:12:00

PBCO Financial Corporation Reports Q4 and 2022 Earnings

Logo Benzinga
Benzinga
By Business Wire

PBCO Financial Corporation PBCO, the holding company (Company) of People's Bank of Commerce (Bank), announced today its financial results for the fourth quarter of 2022 and for year-end 2022.

Highlights

  • Net income of $2.0 million in the quarter, or $0.38 per diluted share
  • Loan growth of $27.3 million in the quarter, an increase of 6.1% compared to Q3 2022
  • Net interest margin of 3.74%, an increase of 34 basis points compared to Q3 2022
  • Cost of deposits was 0.16%, an increase of 3 basis points compared to Q3 2022
  • Hired team of commercial bankers in Eugene, Oregon
  • Net income of $9.9 million for 2022 year-end, or $1.92 per diluted share

The Company reported net income of $2.0 million, or $0.38 per diluted share, for the fourth quarter of 2022 compared to net income of $3.0 million, or $0.56 per diluted share, in the same quarter of 2021. Earnings for the full year 2022 were $9.9 million or $1.92 per share, down from $11.5 million or $2.33 per share for 2021. The reduction in earnings in 2022 is due to lower mortgage income of $1.7 million and absence of PPP fee revenue, which was $4.7 million in 2021, coupled with one-time income and expenses related to the merger with Willamette Community Bank in March 2021.

Continue read on benzinga.com

Logo PR Newswire
BILOXI, Miss., Jan. 25, 2023 /PRNewswire/ -- Peoples Financial Corporation (the "Company")(OTCQX Best Market: PFBX), parent of The Peoples Bank (the "Bank"),...

Logo Benzinga
Business / FinanceBy Benzinga Insights2023-01-25 20:02:05
Pacific Premier Bancorp PPBI is set to give its latest quarterly earnings report on Thursday, 2023-01-26. Here's what investors need to know before the...

Logo PR Newswire
TUCSON, Ariz., Jan. 24, 2023 /PRNewswire/ -- CBOA Financial, Inc. (OTCMKTS:CBOF) (the "Company"), parent company of Commerce Bank of Arizona (the "Bank" or...

Logo Benzinga
Business / FinanceBy Globe Newswire2023-01-25 21:51:22
Fourth Quarter 2022 Highlights Net Earnings of $66.2 million, or $0.47 per share Return on Average Tangible Common Equity of 23.65% Return on average assets...

Logo Benzinga
Business / FinanceBy Business Wire2023-01-25 22:00:00
Customers Bancorp, Inc. CUBI Full Year 2022 Highlights 2022 net income available to common shareholders was $218.4 million, or $6.51 per diluted share; ROAA...

Logo Benzinga
Business / FinanceBy Benzinga Insights2023-01-25 20:01:52
The Bancorp TBBK is set to give its latest quarterly earnings report on Thursday, 2023-01-26. Here's what investors need to know before the announcement....

Logo PR Newswire
NEW YORK, Jan. 25, 2023 /PRNewswire/ -- Investcorp Credit Management BDC, Inc. (formerly CM Finance Inc) (NASDAQ:ICMB) ("ICMB" or "the Company") today...

Logo Benzinga
Business / FinanceBy Benzinga Insights2023-01-25 18:01:55
ConnectOne Bancorp CNOB is set to give its latest quarterly earnings report on Thursday, 2023-01-26. Here's what investors need to know before the...

Logo Benzinga
Business / FinanceBy Benzinga Insights2023-01-25 18:01:42
Colony Bankcorp CBAN is set to give its latest quarterly earnings report on Thursday, 2023-01-26. Here's what investors need to know before the announcement....

Logo Benzinga
Business / FinanceBy Business Wire2023-01-25 21:38:00
Bankwell Financial Group, Inc. BWFG reported GAAP net income of $8.0 million, or $1.04 per share for the fourth quarter of 2022, versus $7.8 million, or...

Logo Benzinga
Business / FinanceBy Benzinga Insights2023-01-25 19:02:06
First Financial Bancorp FFBC is set to give its latest quarterly earnings report on Thursday, 2023-01-26. Here's what investors need to know before the...

Logo PR Newswire
MARIETTA, Ohio, Jan. 24, 2023 /PRNewswire/ -- Peoples Bancorp Inc. ("Peoples") (NASDAQ: PEBO) today announced results for the quarter and year ended December...

Logo Benzinga
Business / FinanceBy Benzinga Insights2023-01-25 18:01:48
Bank7 BSVN is set to give its latest quarterly earnings report on Thursday, 2023-01-26. Here's what investors need to know before the announcement. Analysts...

Logo Nasdaq
Business / FinanceBy Rtt News2023-01-25 11:52:03
(RTTNews) - US Bancorp (USB) reported a profit for fourth quarter that decreased from the same period last year and missed the Street estimates. The...

Logo Benzinga
Business / FinanceBy Pr Newswire2023-01-25 21:06:00
Delivers Record Full Year Revenue and Earnings Growth Despite Challenging Environment SAN FRANCISCO, Jan. 25, 2023 /PRNewswire/ -- LendingClub Corporation...

Logo Nasdaq
Business / FinanceBy Rtt News2023-01-25 12:50:13
(RTTNews) - Kimberly-Clark Corp (KMB) revealed earnings for its fourth quarter that increased from last year and beat the Street estimates. The company's...

Logo GlobeNewswire
TALLAHASSEE, Fla., Jan. 24, 2023 (GLOBE NEWSWIRE) -- Capital City Bank Group, Inc. (NASDAQ: CCBG) today reported net income attributable to common...

Logo Benzinga
Business / FinanceBy Benzinga Insights2023-01-25 18:01:16
S&T Bancorp STBA is set to give its latest quarterly earnings report on Thursday, 2023-01-26. Here's what investors need to know before the announcement....

Logo Benzinga
Business / FinanceBy Business Wire2023-01-25 11:45:00
U.S. Bancorp reported its fourth quarter 2022 results today. The earnings release, business line schedules and slide presentation can be accessed online at...

Logo RTTNews
Business / FinanceBy Rtt News Staff Writer2023-01-25 10:52:30
Central Pacific Financial Corp. ( CPF ) the parent company of Central Pacific Bank, on Wednesday reported that net income for the fourth quarter declined to...