Read Larry Connors' blog – Short Term Trading Strategies
"Our third consecutive quarter of strong earnings illustrates our Company's ability to profitably grow, even through the current downward economic cycle and despite elevated provisioning for credit losses," said Patrick J. Moty, President and CEO. "We have significantly built capital and continue to strengthen our balance sheet. Operationally and financially the company's performance is exceeding our projections."
3rd Quarter 2009 Highlights
-- Net Income of $1,713,000 up 139 percent over third quarter 2008
-- Diluted EPS of $0.17 compared to $0.08 over third quarter 2008 up 113 percent
-- Average earning assets up $132.2 million or 21.6 percent over the prior year
-- Average loans up $70.5 million or 13.6 percent over the prior year
-- Average core deposits up $97.2 million or 20.1 percent over the prior year
-- Strong provision for loan loss of $1.8 million for the quarter
-- Total risk based capital of 12.83 percent at September 30,
Nine months 2009 Highlights
-- Net income of $4,599,000 up 61 percent over prior year
-- Top line revenues up $7.5 million or 24.7 percent
-- Diluted EPS of $0.45 compared to $0.33 prior year up 36 percent over the
prior year
-- Strong provision for loan losses of $6.3 million
-- Year to date non-performing assets/total assets decreased to 2.04 percent
compared to 2.98 percent at December 31, 2008.
Bank of Commerce Holdings, with administrative offices in Redding, California is a financial service holding company that owns Redding Bank of Commerce, Roseville Bank of Commerce, and Bank of Commerce Mortgage.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
