Focus Business Bk CA (FCSB) 19.8000 $FCSB
Heritage Commerce Corp's First Quarter 2016 Earnings Increased 48% From the Prior Year First Quarter
GlobeNewswire - Thu Apr 28, 5:22PM CDT
Heritage Commerce Corp (Nasdaq:HTBK), the holding company (the "Company"
for Heritage Bank of Commerce (the "Bank", today reported net income increased 48% to $6.1 million, or $0.16 per average diluted common share, for the first quarter of 2016, compared to $4.1 million, or $0.13 per average diluted common share for the first quarter of 2015, and increased 38% from $4.4 million, or $0.12 per average diluted common share for the fourth quarter of 2015. All results are unaudited and include the acquisition of Focus Business Bank ("Focus" from August 20, 2015.
HTBK: 10.35 (-0.09)
Heritage Commerce Corp Earns $3.5 Million in the Third Quarter of 2015; Highlighted by the Acquisition of Focus Business Bank
GlobeNewswire - Mon Oct 26, 4:20PM CDT
Heritage Commerce Corp (Nasdaq:HTBK), the holding company (the "Company" for Heritage Bank of Commerce (the "Bank" or "HBC", today reported net income of $3.5 million, or $0.10 per average diluted common share, for the third quarter of 2015, compared to $3.4 million, or $0.11 per average diluted common share for the third quarter of 2014, and $4.5 million, or $0.14 per average diluted common share for the second quarter of 2015. For the nine months ended September 30, 2015, net income increased 23% to $12.1 million, or $0.36 per average diluted common share, from $9.8 million, or $0.31 per average diluted common share, for the nine months ended September 30, 2014. Our results include the completion of the acquisition of Focus Business Bank ("Focus" on August 20, 2015. All results are unaudited.
HTBK: 10.35 (-0.09)
Heritage Commerce Corp and Focus Business Bank Plan to Merge
GlobeNewswire - Thu Apr 23, 3:47PM CDT
Heritage Commerce Corp (Nasdaq:HTBK), the parent company of Heritage Bank of Commerce ("Heritage", and Focus Business Bank (OTCQB:FCSB) ("Focus" today jointly announced the execution of a definitive agreement and plan of merger and reorganization (the "Agreement" whereby Focus will merge into Heritage in a transaction valued at approximately $54.8 million. The transaction combines two of the leading commercial banking franchises in San Jose, California with more than $2 billion in combined assets.
HTBK: 10.35 (-0.09)
Focus Business Bank Announces Unaudited Financial Results for the Quarter and Year Ending December 31, 2014
Marketwired - Wed Feb 11, 5:43PM CST
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.
Focus Business Bank Announces Unaudited Financial Results for the Quarter and Nine-Months Ending September 30, 2014
Marketwired - Thu Oct 30, 6:27PM CDT
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.
Heritage Commerce Corp's First Quarter 2016 Earnings Increased 48% From the Prior Year First Quarter
GlobeNewswire - Thu Apr 28, 5:22PM CDT
Heritage Commerce Corp (Nasdaq:HTBK), the holding company (the "Company"
for Heritage Bank of Commerce (the "Bank", today reported net income increased 48% to $6.1 million, or $0.16 per average diluted common share, for the first quarter of 2016, compared to $4.1 million, or $0.13 per average diluted common share for the first quarter of 2015, and increased 38% from $4.4 million, or $0.12 per average diluted common share for the fourth quarter of 2015. All results are unaudited and include the acquisition of Focus Business Bank ("Focus" from August 20, 2015. HTBK: 10.35 (-0.09)
Heritage Commerce Corp Earns $3.5 Million in the Third Quarter of 2015; Highlighted by the Acquisition of Focus Business Bank
GlobeNewswire - Mon Oct 26, 4:20PM CDT
Heritage Commerce Corp (Nasdaq:HTBK), the holding company (the "Company"
for Heritage Bank of Commerce (the "Bank" or "HBC", today reported net income of $3.5 million, or $0.10 per average diluted common share, for the third quarter of 2015, compared to $3.4 million, or $0.11 per average diluted common share for the third quarter of 2014, and $4.5 million, or $0.14 per average diluted common share for the second quarter of 2015. For the nine months ended September 30, 2015, net income increased 23% to $12.1 million, or $0.36 per average diluted common share, from $9.8 million, or $0.31 per average diluted common share, for the nine months ended September 30, 2014. Our results include the completion of the acquisition of Focus Business Bank ("Focus" on August 20, 2015. All results are unaudited. HTBK: 10.35 (-0.09)
Heritage Commerce Corp and Focus Business Bank Plan to Merge
GlobeNewswire - Thu Apr 23, 3:47PM CDT
Heritage Commerce Corp (Nasdaq:HTBK), the parent company of Heritage Bank of Commerce ("Heritage"
, and Focus Business Bank (OTCQB:FCSB) ("Focus" today jointly announced the execution of a definitive agreement and plan of merger and reorganization (the "Agreement" whereby Focus will merge into Heritage in a transaction valued at approximately $54.8 million. The transaction combines two of the leading commercial banking franchises in San Jose, California with more than $2 billion in combined assets. HTBK: 10.35 (-0.09)
Focus Business Bank Announces Unaudited Financial Results for the Quarter and Year Ending December 31, 2014
Marketwired - Wed Feb 11, 5:43PM CST
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.
Focus Business Bank Announces Unaudited Financial Results for the Quarter and Nine-Months Ending September 30, 2014
Marketwired - Thu Oct 30, 6:27PM CDT
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.
