Inactive Instrument

BANK OF COMM

Equities

BOCH

US06424J1034

Bank of Commerce Holdings Reports Earnings Results for the Fourth Quarter Ended December 31, 2018

January 18, 2019 at 09:00 am EST

Bank of Commerce Holdings announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced net interest income was USD 12.494 million compared to USD 10.869 million a year ago. Net income was USD 4.839 million compared to USD 7,000 a year ago. Basic earnings per share was USD 0.3 compared to USD 141 a year ago. Diluted earnings per share was USD 0.3 compared to USD 173 a year ago. For the full year, net interest income was USD 47.546 million compared to USD 41.362 million a year ago. Net income was USD 15.730 million compared to USD 7.344 million a year ago. Basic earnings per share was USD 0.97 compared to USD 0.48 a year ago. Basic earnings per share was USD 0.97 compared to USD 542 a year ago. Diluted earnings per share was USD 0.96 compared to USD 658 a year ago. Diluted earnings per share was USD 0.96 compared to USD 0.48 a year ago.

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Company Profile

Bank of Commerce Holdings (Holding Company) is a bank holding company. The Company's principal business is to serve as a holding company for Redding Bank of Commerce (Bank), which operates under two separate names (Redding Bank of Commerce and Sacramento Bank of Commerce). The Bank operates over four full service facilities in two diverse markets in Northern California. The Bank provides a range of financial services and products for business and retail customers. Its principal products include various types of accounts, such as checking, interest-bearing checking, savings, certificate of deposit and money market deposit. It also offers sweep arrangements, commercial loans, construction loans, term loans, safe deposit boxes and electronic banking services. The primary focus of the Bank is to provide banking and related services to small and mid-sized businesses and not-for-profit organizations, as well as banking services for consumers, primarily business owners and their employees.

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