Business News • MarketWire • Focus Business Bank Announces Unaudited Financial Results for Quarter Ending March 31, 2014 |
Focus Business Bank Announces Unaudited Financial Results for Quarter Ending March 31, 2014 |
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Focus Business Bank Announces Unaudited Financial Results for Quarter Ending March 31, 2014
SAN JOSE, CA--(Marketwired - May 1, 2014) - Focus Business Bank (OTCQB: FCSB) announced unaudited financial results for the quarter ended March 31, 2014. Net income for the quarter was $253,000 (or $0.09 per diluted share) compared to $151,000 (or $0.05 per diluted share) for the quarter ending March 31, 2013. The 68% increase in net income for the quarter ending March 31, 2014 compared to the same quarter in 2013 was primarily attributable to growth in net interest income resulting from a significant increase in earning assets and an increase in non-interest income from the gain on sale of SBA loans, partially offset by increases in operating expenses, the provision for loan losses and income taxes.
View More : http://www.marketwired.com/mw/release.do?id=1905692&sourceType=3
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