Inactive Instrument

BANK OF COMM

Equities

BOCH

US06424J1034

Bank of Commerce Holdings Reports Earnings Results for the Fourth Quarter Ended December 31, 2020

January 22, 2021 at 07:30 pm IST

Bank of Commerce Holdings announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 14.556 million compared to USD 13.314 million a year ago. Net income was USD 5.072 million compared to USD 4.369 million a year ago. Basic earnings per share from continuing operations was USD 0.3 compared to USD 0.24 a year ago. For the full year, net interest income was USD 55.455 million compared to USD 53.535 million a year ago. Net income was USD 14.164 million compared to USD 14.961 million a year ago. Basic earnings per share from continuing operations was USD 0.84 compared to USD 0.83 a year ago. Diluted earnings per share from continuing operations was USD 0.83 compared to USD 0.83 a year ago.

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Company Profile

Bank of Commerce Holdings (Holding Company) is a bank holding company. The Company's principal business is to serve as a holding company for Redding Bank of Commerce (Bank), which operates under two separate names (Redding Bank of Commerce and Sacramento Bank of Commerce). The Bank operates over four full service facilities in two diverse markets in Northern California. The Bank provides a range of financial services and products for business and retail customers. Its principal products include various types of accounts, such as checking, interest-bearing checking, savings, certificate of deposit and money market deposit. It also offers sweep arrangements, commercial loans, construction loans, term loans, safe deposit boxes and electronic banking services. The primary focus of the Bank is to provide banking and related services to small and mid-sized businesses and not-for-profit organizations, as well as banking services for consumers, primarily business owners and their employees.

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