Chino Commercial Bancorp - CCBC STOCK NEWS

Chino Commercial Bancorp reported a 6% increase in net earnings for the first quarter of 2024 compared to the same period last year. Net earnings were $1.24 million, with earnings per share at $0.39. The company's loan quality remained strong, and it saw growth in its merchant services revenue. The Bank also received approval to open a new branch office in Corona and completed the purchase of a commercial building for this purpose. Total assets increased to $461.5 million, with total deposits and gross loans also showing growth. Non-interest income increased by 30.05%, driven by merchant services processing revenue. Despite rising costs, the Bank's financial performance remained solid.

Chino Commercial Bank, a subsidiary of Chino Commercial Bancorp (OTC: CCBC), was recognized as a 'Super Premier Performing Bank' by The Findley Reports for its outstanding financial and operational performance in 2023. The bank's President and CEO, Dann H. Bowman, expressed satisfaction with the increased revenue, earnings, and strong credit performance, highlighting plans for further lending expansion.

Chino Commercial Bancorp (CCBC) announced a 4.54% increase in net earnings year-to-date, reaching $4.9 million for the fourth quarter of 2023. However, the net earnings for the fourth quarter decreased by 6.0% compared to the same period last year. Total net interest income reached an all-time high at $13 million. Credit quality remained strong with only one delinquent loan at year-end.

Chino Commercial Bancorp announces Q3 2023 results with net earnings of $1.3 million, consistent with last year. Total assets reach all-time high at $465.8 million.