Business News • MarketWire • Pacific Valley Bank Announces Second Quarter 2013 Financial Results |
Pacific Valley Bank Announces Second Quarter 2013 Financial Results |
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Pacific Valley Bank Announces Second Quarter 2013 Financial Results
SALINAS, CA--(Marketwired - Jul 26, 2013) - Pacific Valley Bank (OTCQB: PVBK) announced its unaudited second quarter 2013 net income of $480,000, or $0.13 basic earnings per share, as compared to the same quarter last year when we reported net income of $435,000, or $0.12 basic earnings per share. Our net income for the first half of 2013 was $1,085,000, or $0.30 basic earnings per share, as compared to the first half of 2012 for which we reported net income of $745,000, or $0.21 basic earnings per share. As previously announced, in recognition of our solid earnings over the past few years, we distributed a 10% stock dividend to our shareholders on May 31, 2013. Consequently, per share amounts for all periods presented have been retroactively adjusted for the effect of the dividend.
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