Redwood Capital Bancorp (CA) reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company's net interest income was $2,157,000 against $2,079,000 a year ago. Net income before provision was $941,000 against $645,000 a year ago. Income before taxes was $791,000 against $645,000 a year ago. Net income was $454,000 or $0.25 diluted per share against $691,000 or $0.39 diluted per share a year ago.

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.