Business News • MarketWire • Focus Business Bank Announces Unaudited Financial Results for the Quarter and Nine-Months Ending September 30, 2014 |
Focus Business Bank Announces Unaudited Financial Results for the Quarter and Nine-Months Ending September 30, 2014 |
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Focus Business Bank Announces Unaudited Financial Results for the Quarter and Nine-Months Ending September 30, 2014
SAN JOSE, CA--(Marketwired - Oct 30, 2014) - Focus Business Bank (OTCQB: FCSB) announced unaudited financial results for the quarter and nine-months ended September 30, 2014. Net income for the quarter and nine-months ended September 30, 2014 was $273,000 ($0.09/diluted share) and $838,000 ($0.29/per diluted share), respectively, compared to $241,000 ($0.08/per diluted share) and $555,000 ($0.19/per diluted share) for the quarter and nine-months ending September 30, 2013. The increases in net income for the quarter and nine-months ending September 30, 2014 compared to the same periods in 2013 were primarily attributable to growth in net interest income resulting from a significant increase in earning assets and an increase in non-interest income from gains on sales 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=1963099&sourceType=3
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