San Diego Private Bank announced unaudited earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the bank reported net interest income of $5,022,000 against $3,659,000 a year ago. Operating income was $1,986,000 against $1,303,000 a year ago. Net earnings were $1,164,000 or $0.34 per share against $734,000 or $0.18 per share a year ago. The increase in earnings per share is a reflection of both the increased earnings as well as the company's share buyback program, which was completed in late November 2015.

For the year, the bank reported net interest income of $18,917,000 against $13,765,000 a year ago. Operating income was $8,398,000 against $4,345,000 a year ago. Net earnings were $4,928,000 against $2,524,000 a year ago. Return on equity increased to 9.14% in 2015 from 5.04% in 2014. Return on assets increased to 1.10% in 2015 from 0.73% in 2014. On a per share basis, earnings rose to $1.21 from $0.62, a reflection of both the increased earnings during the year and the company's share buyback program.