Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Heritage Oaks Bancorp Q1 Profit Rises

RELATED NEWS
Trade HEOP now with 

Heritage Oaks Bancorp (HEOP: Quote), 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.

Click here to receive FREE breaking news email alerts for HERITAGE OAKS BANCP and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After reporting a sharp increase in existing home sales in the previous month, the National Association of Realtors released a report on Tuesday showing that existing home sales once again rose by more than expected in the month of June. With traders reacting positively to the latest earnings and economic news, stocks have moved mostly higher in early trading on Tuesday. The major averages have all climbed into positive territory, offsetting the modest weakness seen in the previous session. With energy prices showing a significant increase amid rising gasoline prices, the Labor Department released a report on Tuesday showing that U.S. consumer prices rose in line with economist estimates in the month of June.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.