Bank of Commerce Holdings Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015
For the year, the company reported net income available to common shareholders of $8.295 million, an improvement of $5.527 million (50%) over $5.5 million net income available to common shareholders earned during the year ended December 31. 2014. Return on average assets improved to 0.84% compared to 0.57% for the same period in 2014. Return on average equity improved to 7.83% compared to 5.40% for the same period in 2014. Net interest income of $33.770 million compared to $32.601 million a year ago. Income before provision for income taxes was $12.048 million compared to $7.307 million a year ago. Diluted earnings per share were $0.62 compared to $0.41 a year ago.