Business News • MarketWire • Focus Business Bank Announces Unaudited Financial Results for the Quarter and Year Ending December 31, 2014 |
Focus Business Bank Announces Unaudited Financial Results for the Quarter and Year Ending December 31, 2014 |
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Focus Business Bank Announces Unaudited Financial Results for the Quarter and Year Ending December 31, 2014
SAN JOSE, CA--(Marketwired - Feb 11, 2015) - Focus Business Bank (OTCQB: FCSB) announces unaudited financial results for the quarter and year ended December 31, 2014. Net income for the quarter and year ended December 31, 2014 was $319,000 ($0.11/per diluted share) and $1,157,000 ($0.39/per diluted share), respectively, compared to $315,000 ($0.11/per diluted share) and $869,000 ($0.30/per diluted share) for the same periods in 2013. The increases in net income for the quarter and year ending December 31, 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, 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=1991126&sourceType=3
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