San Diego Private Bank Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015
For the year, the bank reported net interest income of $18,917,000 against $13,765,000 a year ago. Operating income was $8,398,000 against $4,345,000 a year ago. Net earnings were $4,928,000 against $2,524,000 a year ago. Return on equity increased to 9.14% in 2015 from 5.04% in 2014. Return on assets increased to 1.10% in 2015 from 0.73% in 2014. On a per share basis, earnings rose to $1.21 from $0.62, a reflection of both the increased earnings during the year and the company's share buyback program.