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PRIVATE BANCORP OF AMER - $PBAM STOCK NEWS

Welcome to our dedicated page for PRIVATE BANCORP OF AMER news (Ticker: $PBAM), a resource for investors and traders seeking the latest updates and insights on PRIVATE BANCORP OF AMER stock.

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 PRIVATE BANCORP OF AMER'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.

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Rhea-AI Summary
Private Bancorp of America, Inc. reported strong financial results for the first quarter of 2024, with net income of $7.9 million and diluted earnings per share of $1.36. The company experienced growth in loans held-for-investment, total deposits, and net interest income. Despite an increase in noninterest expenses, the company remains focused on client service and growth opportunities in the market.
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0.79%
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Rhea-AI Summary
Private Bancorp of America, Inc. (PBAM) reported a net income of $7.9 million for Q4 2023, representing a 5.6% increase from the previous year. The company achieved record net income of $40.9 million for FY'23, with a 16.3% increase in loans held-for-investment and a net reversal of $6.1 million for provision for credit losses. Total deposits increased by 12.0% from the previous year, and the company's net interest margin was 4.65% for FY'23.
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-0.11%
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Rhea-AI Summary
Private Bancorp of America, Inc. reports net income of $8.5 million for the third quarter of 2023
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Rhea-AI Summary
Private Bancorp of America, Inc. and CalPrivate Bank reported record net income of $15.5 million for Q2 2023, up 73% from the previous quarter and 253% from Q2 2022. Diluted earnings per share also increased by 71% and 249% respectively. Loans held-for-investment increased by 5.8% to $1.7 billion. Core deposits grew by 5.3% to $1.5 billion. Total deposits rose by 7.3% to $1.7 billion. Net interest margin was 4.73% for Q2 2023. Tangible book value per share increased by $2.52 to $28.82.
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10.17%
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2.21%
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4.12%
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2.64%
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1.73%
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0.17%
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PRIVATE BANCORP OF AMER

OTC:PBAM

PBAM Rankings

PBAM Stock Data

195.31M
3.24M
18.52%
Commercial Banking
Finance and Insurance
Link
United States of America
La Jolla