Business NewsMarketWire • Premier Commercial Bancorp Reports Third Quarter 2016 Results

Premier Commercial Bancorp Reports Third Quarter 2016 Results

Premier Commercial Bancorp Reports Third Quarter 2016 Results

HILLSBORO, OR--(Marketwired - Oct 27, 2016) - Premier Commercial Bancorp (OTC PINK: PRCB), a single bank holding company for Premier Community Bank based in Hillsboro, Oregon, today reported net income of $2.5 million, or $0.43 per diluted share, for the nine months ended September 30, 2016, a 35.7% increase over the net income of $1.9 million, or $0.32 per diluted share, for the same nine month period during 2015. Net income for third quarter 2016 alone was $1.0 million, or $0.17 per diluted share, compared to $756,000 for second quarter 2016 and $738,000 for third quarter 2015, or $0.13 per diluted share for each of these two previous quarters.

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