Welcome to our dedicated page for Pacific Vy Bk Salinas Calif news (Ticker: PVBK), a resource for investors and traders seeking the latest updates and insights on Pacific Vy Bk Salinas Calif stock.
Pacific Valley Bank (PVBK) delivers community-focused banking services to California's Monterey County region, specializing in agricultural finance and small business solutions. This page provides investors and stakeholders with direct access to official press releases, financial updates, and strategic announcements from the Salinas-based institution.
Find timely information on earnings reports, leadership changes, and market expansions while maintaining perspective on PVBK's conservative lending practices and local economic impact. All content is sourced directly from the company to ensure accuracy and compliance with financial disclosure standards.
Key updates typically include quarterly financial results, community partnership initiatives, branch network developments, and regulatory filings. Bookmark this page for streamlined access to PVBK's evolving story as it strengthens its position in Central California's banking sector.
Pacific Valley Bancorp (PVBK) reported Q3 2024 net income of $1.1 million, down 9.3% year-over-year but up 12.2% quarter-over-quarter. Net interest margin decreased to 3.29% from 3.42% in Q3 2023. Gross loans grew 9.8% year-over-year to $470.4 million, while total deposits decreased 2.4% to $473.0 million. The bank maintains strong capital positions with a Community Bank Leverage Ratio of 13.19%, well above the 9% regulatory requirement. Credit quality remains robust with non-performing loans at 0.24% of gross loans.
Pacific Valley Bancorp (OTC Pink: PVBK) announced its Q2 2024 financial results. Net income for the quarter was $1.0 million, down 11.7% year-over-year and 15.7% quarter-over-quarter. Key highlights include:
- Net interest margin decreased to 3.32% from 3.45% in Q2 2023
- Gross loans grew 11.0% year-over-year to $455.8 million
- Non-performing loans to gross loans ratio improved to 0.22%
- Community Bank Leverage Ratio strengthened to 13.75%
- Total assets decreased 1.1% year-over-year to $533.8 million
- Total deposits decreased 2.7% year-over-year to $459.6 million
- Shareholders' equity grew 11.1% year-over-year to $53.9 million
The company faces challenges from rising interest expenses but sees growth opportunities in the changing market landscape.
Pacific Valley Bancorp (PVBK) reported a strong performance for the year ending December 31, 2022, with net income soaring to $5.2 million, a 38% increase from 2021. Earnings per share rose to $1.28, up from $0.95 in 2021. The fourth quarter saw net income of $1.2 million, reflecting a 79% jump year-over-year. Total assets grew by 12% to $559 million, and core loans increased 22.5% to $409.3 million. The company declared a 10% stock dividend for shareholders, signaling confidence in ongoing growth despite economic uncertainties.
Pacific Valley Bancorp (PVBK) reported third-quarter 2022 earnings with a net income of $1.2 million, or $0.30 per share, marking a 47% increase year-over-year. Year-to-date net income reached $3.9 million, with basic earnings per share of $0.98. Core loan growth surged by 34.2% to $401 million amid strong loan demand. However, total assets declined by 3.7% sequentially. The bank maintained a low non-performing loan ratio of 0.05% and improved credit quality. Total deposits decreased by 2.3% year-over-year.
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