Presidio Bank reported unaudited earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company has posted net revenue of $3,635,000 against $3,606,000 for the third quarter of 2012. EBIT was $81,000 against $780,000 for the third quarter of 2012. Net income was $4,000 against $456,000 for the third quarter of 2012. Net loss to common shareholders was $138,000 or $0.03 per share against net profit to common shareholders of $313,000 or $0.08 per share for the third quarter of 2012. Return on average assets was 0.0% and loss on average common equity was 0.4% compared to return on average assets of 0.5% and return on average common equity of 3.6% for the third quarter of 2012.

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.