Presidio Bank Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012; Provides Earnings Guidance for the Year 2013
For the year, the company has posted net revenue of $14,481,000 against $13,943,000 a year ago. EBIT was $2,274,000 against $1,986,000 a year ago. Net income was $1,293,000 against $6,046,000 a year ago. Net income to common shareholders was $724,000 or $0.18 per share against $4,915,000 or $1.22 per share a year ago. Book value per common share was $8.46 against $8.25 a year ago. Return on average assets was 0.3% and return on average common equity was 2.1% compared to return on average assets of 2.0% and return on average common equity of 15.7% a year ago period.
For the year 2013, the company expects significant income and margin growth.