Redwood Capital Bancorp (CA) Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012; Declares Quarterly Cash Dividend, Payable on February 13, 2013
For the year, the company's net interest income was $8,369,000 against $8,017,000 a year ago. Net income before provision was $2,992,000 against $2,583,000 a year ago. Income before taxes was $1,997,000 against $2,283,000 a year ago. Net income was $1,213,000 or $0.68 diluted per share against $1,708,000 or $0.97 diluted per share a year ago. Book value was $8.27 per share against $7.80 per share a year ago.
The company's board of directors declared a quarterly cash dividend of $0.05 per share, payable on February 13, 2013, to shareholders of record at the close of business on January 31, 2013.