AltaPacific Bancorp Announces 2018 Year End Performance Results and Declares 5% Stock Dividend
ALTAPACIFIC BANCORP (ABNK)
NASDAQ:AMEX Investor Relations:
apbconnect.com/investor-relations
Company Research
Source: Business Wire
SANTA ROSA, Calif.--(BUSINESS WIRE)-- AltaPacific Bancorp (OTCBB: ABNK), the parent company of AltaPacific Bank, today reported year-to-date net income totaling $5,202,000, or $0.87 per diluted share, and quarterly net income totaling $1,405,000, or $0.24 per diluted share, for the period ending December 31, 2018, respectively. The year-to-date net income for 2018 represents an increase of $1.2 million (30.9%) over the prior year and the quarterly net income represents an increase of $18,000 (1.3%) over the prior quarter. The Company also reported that the Board of Directors recently approved the payment of a 5% stock dividend per common share payable on February 22, 2019 to shareholders of record as of February 8, 2019. Assets totaled $414,591,000 at December 31, 2018, representing a decrease of $4.0 million (1.0%) over December 31, 2017, while average assets during the year increased $13.8 million (3.4%) wh
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