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PACIFIC VALLEY BANCORP - $PVBK STOCK NEWS

Welcome to our dedicated page for PACIFIC VALLEY BANCORP news (Ticker: $PVBK), a resource for investors and traders seeking the latest updates and insights on PACIFIC VALLEY BANCORP 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 PACIFIC VALLEY 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.

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Rhea-AI Summary
Pacific Valley Bancorp announced its first quarter 2024 financial results, revealing a net income of $1.2 million, a slight decrease from the previous year due to higher interest expense. The company saw an increase in net income compared to the previous quarter, driven by higher loan interest income and lower deposit interest expense. Earnings per share were impacted by a stock dividend and the net interest margin decreased slightly. Gross loans outstanding grew significantly, and non-performing loans decreased. The Community Bank Leverage Ratio remained strong, exceeding regulatory requirements.
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Pacific Valley Bancorp (PVBK) declares a 10% stock dividend for shareholders, payable on April 15, 2024, in the form of additional common stock shares.
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Pacific Valley Bancorp (PVBK) announced unaudited financial results for Q4 2023, reporting a 5.5% decrease in net income compared to Q4 2022. Basic earnings per share were $0.26, down from $0.28 in the prior quarter. Net interest margin decreased to 3.69% from 4.03% in Q4 2022. However, gross loans outstanding grew by 10.6%, and non-performing loans to gross loans decreased from 0.05% to 0.02%. The Community Bank Leverage Ratio was 13.02%, exceeding the regulatory requirement of 9.00%. The company highlighted consistent core income and asset growth despite challenges from rising deposit interest expense.
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Pacific Valley Bancorp announces unaudited financial results for Q3 2023
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PACIFIC VALLEY BANCORP

OTC:PVBK

PVBK Rankings

PVBK Stock Data

40.12M
3.23M
3.02%
Commercial Banking
Finance and Insurance
Link
United States of America
Salinas