logo
Share SHARE
FONT-SIZE Plus   Neg

Heritage Oaks Bancorp Q1 Profit Rises

Heritage Oaks Bancorp (HEOP), the parent company of Heritage Oaks Bank, reported first-quarter net income available to common shareholders of $1.2 million or $0.05 per share, up from $157,000 or $0.01 per share last year.

On average, 3 analysts polled by Thomson Reuters expected earnings of $0.12 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income for the quarter rose to $10.75 million from $10.72 million a year ago. Net interest margin dropped one basis point to 4.72 percent from 4.73 percent last year. Non-interest income for the quarter rose to $2.5 million from $1.9 million a year ago. Provision for loan losses increased to $3.3 million from $2.0 million last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
Follow RTT