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
With trading resuming following the long, holiday weekend, stocks showed a lack of direction throughout the trading session on Tuesday before ending the day mixed. The markets largely held on to the bulk of their recent gains. The Islamic State (IS), a Sunni extremist group previously known as Islamic State of Iraq and the Levant (ISIL), has released a video purporting to show the beheading of US journalist Steven Sotloff, media reports said Tuesday. According to reports, the video also showed a masked man threatening to execute a British man named David Haines. He also warned governments to stay away "this evil allian Less than a month after resigning from Congress, former House Majority Leader Eric Cantor, R-Virg., has made the move from Washington to Wall Street by joining boutique investment bank Moelis & Co. A statement from Moelis said Cantor will serve as Vice Chairman and Managing Director and also be elected to the company's Board of Directors.
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.