Business News • MarketWire • Focus Business Bank Announces Unaudited Financial Results for the Quarter Ended March 31, 2012 |
Focus Business Bank Announces Unaudited Financial Results for the Quarter Ended March 31, 2012 |
|
|
Focus Business Bank Announces Unaudited Financial Results for the Quarter Ended March 31, 2012
SAN JOSE, CA--(Marketwire - Apr 25, 2012) - Focus Business Bank (OTCBB: FCSB) announced unaudited financial results, including continued profitability, for the quarter ended March 31, 2012. Record net income of $243,000, or $0.09 per share, was reported for the three months ended March 31, 2012 compared to net income of $51,000, or $0.02 per share, for the comparable quarter in 2011. President and Chief Executive Officer Richard L. Conniff noted, "The Bank continues to experience strong growth in loans as a result of its business development efforts and a gradual but steady improvement in the local economy. While deposits and, correspondingly, cash, declined slightly from the record levels at December 31, 2011, these changes were anticipated as several of the Bank's customers had maintained significantly high balances related to transactions which were completed in the first quarter of 2012. We are very pleased that the Bank's core earnings continue to grow and that we achieved our eighth consecutive profitable quarter."
View More : http://www.marketwire.com/mw/release.do?id=1648901&sourceType=3
|
|
|