Chino Commercial Bancorp Reports Record Earnings [Yahoo! Finance]
CHINO COMML BANCORP (CA) (CCBC)
NASDAQ:AMEX Investor Relations:
chinocommercialbank.com
Company Research
Source: Yahoo! Finance
Bank, N.A., announced the results of operations for the Bank and the consolidated holding company for the fourth quarter ended December 31, 2023. Net earnings year-to-date increased by 4.54% or by $224 thousand, to $4.9 million, as compared to $4.7 million for the same period last year. Net earnings per basic and diluted share was $1.54 for the period ending December 31, 2023 and $1.47 for the same period last year. Net earnings for the fourth quarter of 2023, were $1.2 million, which represents a decrease of $79 thousand of 6.0% in comparison with the same quarter last year. Net earnings per basic and diluted share were $0.38 for the fourth quarter of 2023 and $0.41 for the same quarter in 2022, respectively. Dann H. Bowman, President and Chief Executive Officer, stated, “We are very pleased with the Bank's performance in 2023. Total net interest income reached an all-time high at $13 million, and net earnings also reached an all-time high at $4.9 million. Though loan growth was
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