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Cornerstone Community Bancorp - CRSB STOCK NEWS

Welcome to our dedicated news page for Cornerstone Community Bancorp (Ticker: CRSB), a resource for investors and traders seeking the latest updates and insights on Cornerstone Community Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cornerstone Community Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cornerstone Community Bancorp's position in the market.

Rhea-AI Summary
Cornerstone Community Bancorp (OTC Pink: CRSB) reported financial results for Q1 2024, with net income at $1,394,000, diluted earnings per share of $0.91, and a return on average assets of 0.86%. The company faced challenges in the banking industry but gained market share with a new digital banking platform. Net interest income decreased, provision for credit losses increased, non-interest income rose, and non-interest expense also increased. Total loans and deposits grew, credit quality improved, and shareholders' equity increased. The company remains well-capitalized.
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Cornerstone Community Bancorp (CRSB) reported net income of $1,892,000 for Q4 2023, with diluted earnings per share at $1.24. The return on average assets was 1.19%, and the return on average equity was 18.94%. Net interest income increased to $5,439,000, and total loans were $482.2 million. Non-interest income and expenses also saw positive growth. The Company's book value per common share was $29.16, and the Bank remains well capitalized.
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Cornerstone Community Bancorp reported net income of $1.92 million for Q3 2023, compared to $1.94 million for the same period last year. Diluted earnings per share were $1.26, and the return on average assets was 1.21%. Net interest income increased to $5.65 million, while non-interest income was $369,000. Total loans were $470.1 million, and total deposits were $575.7 million. Shareholders' equity totaled $38.5 million.
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Cornerstone Community Bancorp (OTC Pink: CRSB) reported net income of $1,864,000 for Q2 2023, compared to $1,706,000 for the same period last year. Diluted earnings per share were $1.22, up from $1.12. Return on average assets was 1.20% and return on average equity was 19.71%. Net interest income increased to $5,541,000. Provision for credit losses on loans increased to $220,000. Non-interest income was $353,000. Non-interest expense was $3,085,000. Total loans were $447.3 million and total deposits were $569.3 million. Shareholders' equity was $38.3 million.
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Cornerstone Community Bancorp has been included in American Banker magazine’s annual list of Top 200 Publicly Traded Community Banks and Thrifts. The company was ranked 6th based on three-year average return on equity.
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Cornerstone Community Bancorp

OTC:CRSB

CRSB Rankings

CRSB Stock Data

42.92M
1.34M
9.71%
Commercial Banking
Finance and Insurance
Link
United States
Red Bluff