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
Best Buy announced Wednesday its plans to introduce Amazon Alexa and Google Home experiences to its 700 locations across the U.S. starting next month as part of its strategy of pushing smart home technology. A nationwide rollout will be complete by the end of the year. The electronics retailer will expand space at selected stores to better showcase how Amazon's Echo and Google Home interact.. So far this year, 23 novel drugs have already received FDA approval. Now let's take a look at the biotech stocks waiting to hear from the FDA in July. President Donald Trump has continued his assault on one of his favorite targets on Wednesday, lashing out at major media outlets in a series of posts on Twitter. Trump singled out the New York Times and the Washington Post in his tweets, describing the newspapers as "fake news."
comments powered by Disqus
Follow RTT