Bank of Commerce Holdings Announces Results for the First Quarter of 2020
Bank of Commerce Holdings (CA) (BOCH)
Last bank of commerce holdings (ca) earnings: 4/17 09:00 am
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US:NASDAQ Investor Relations:
bankofcommerceholdings.com
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Source: GlobeNewswire
SACRAMENTO, Calif., April 17, 2020 (GLOBE NEWSWIRE) -- Bank of Commerce Holdings (NASDAQ: BOCH) (the “Company”), a $1.456 billion asset bank holding company and parent company of Merchants Bank of Commerce (the “Bank”), today announced financial results for the quarter ended March 31, 2020. Net income for the quarter ended March 31, 2020 was $916 thousand or $0.05 per share – diluted, compared with net income of $2.3 million or $0.13 per share – diluted for the same period of 2019. Significant Items for the first quarter of 2020: $2.9 million provision for loan and lease losses.$1.1 million in non-recurring costs.1,351,922 shares of common stock repurchased.Initial impact of COVID-19. Randall S. Eslick, President and CEO commented: “The current health crisis has changed our world and is impacting our company in many ways. Our employees need physical protection and work schedule flexibility, our borrowers need credit accommodation and everyone needs a little compassion. In respons
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