Community Bus Bk CA (CBBC) 13.5000 $CBBC
Community Business Bank Reports June 30, 2016 Quarter-End Results
BusinessWire - Mon Jul 25, 8:00AM CDT
Community Business Bank (OTCBB: CBBC) today reported net income for the quarter ended June 30, 2016, of $870,000 or $0.34 per diluted share, compared with net income in the second quarter of 2015 of $526,000, or $0.24 per diluted share. YTD net income at June 30, 2016, was $1.5 million or $0.60 per diluted share, compared to $1.0 million at June 30, 2015, or $0.45 per diluted share. The Bank also retired 100% of its outstanding preferred stock at a 10% discount during the second quarter. This nonrecurring event favorably impacted the Bank's earnings available to common stock shareholders by $0.17 per share. This increased the second quarter 2016 QTD earnings to $0.51 per diluted share and the June 30, 2016, YTD earnings to $0.77 per diluted share.
Community Business Bank Announces the Repurchase of 100% of its Outstanding Preferred Stock
BusinessWire - Tue May 31, 2:00PM CDT
Community Business Bank announced today that it has successfully repurchased and retired 100% of its class A and B preferred stock. The preferred stock was originally issued in February 2009 to the United States Department of the Treasury. The stock was subsequently sold at auction to Investment Bankers in November 2012 as part of the Treasury's exit from the TARP program.
Community Business Bank Reports June 30, 2016 Quarter-End Results
BusinessWire - Mon Jul 25, 8:00AM CDT
Community Business Bank (OTCBB: CBBC) today reported net income for the quarter ended June 30, 2016, of $870,000 or $0.34 per diluted share, compared with net income in the second quarter of 2015 of $526,000, or $0.24 per diluted share. YTD net income at June 30, 2016, was $1.5 million or $0.60 per diluted share, compared to $1.0 million at June 30, 2015, or $0.45 per diluted share. The Bank also retired 100% of its outstanding preferred stock at a 10% discount during the second quarter. This nonrecurring event favorably impacted the Bank's earnings available to common stock shareholders by $0.17 per share. This increased the second quarter 2016 QTD earnings to $0.51 per diluted share and the June 30, 2016, YTD earnings to $0.77 per diluted share.
Community Business Bank Announces the Repurchase of 100% of its Outstanding Preferred Stock
BusinessWire - Tue May 31, 2:00PM CDT
Community Business Bank announced today that it has successfully repurchased and retired 100% of its class A and B preferred stock. The preferred stock was originally issued in February 2009 to the United States Department of the Treasury. The stock was subsequently sold at auction to Investment Bankers in November 2012 as part of the Treasury's exit from the TARP program.
