OTC Markets OTCQX - Delayed Quote ? USD Private Bancorp of America, Inc. (PBAM) Follow Compare 49.00 +2.74 (+5.92%) At close: October 18 at 3:38 PM EDT All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Private Bancorp of America, Inc. Announces Record Net Income and Earnings Per Share for Third Quarter 2024 Third Quarter 2024 Highlights Record net income for the third quarter of 2024 was $9.5 million, compared to $7.8 million in the prior quarter and $8.5 million in the third quarter of 2023. Net income for the third quarter of 2024 represents a return on average assets of 1.62% and a return on average tangible common equity of 18.18%Diluted earnings per share for the third quarter of 2024 was $1.63, compared to $1.35 in the prior quarter and $1.47 in the third quarter of 2023Loans held-for-investm GlobeNewswire ? yesterday PBAM +5.92% CalPrivate Bank Ranked as #10 U.S. Bank by Bank Director’s RankingBanking? LA JOLLA, Calif., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Private Bancorp of America, Inc. (OTCQX: PBAM) (“Company”) and CalPrivate Bank (“Bank”) – CalPrivate Bank is proud to announce its ranking as the 10th best bank in the U.S. on Bank Director’s RankingBanking? esteemed “The Best U.S. Banks 2024” list, sponsored by Crowe. Additionally, the bank ranked #1 for both Return on Assets (ROA) and Return on Equity (ROE) among banks with less than $5 billion in assets. This accolade highlights CalPrivate GlobeNewswire ? last month PBAM +5.92% Private Bancorp of America, Inc. Announces Strong Net Income and Earnings Per Share for Second Quarter 2024 Second Quarter 2024 Highlights Net income for the second quarter of 2024 of $7.8 million, compared to $7.9 million in the prior quarter and $15.5 million (GAAP basis), or $8.3 million(1) (as adjusted), in the second quarter of 2023. The second quarter of 2023 included loan recoveries of $8.7 million and a $1.6 million benefit from legal fees waived or collected related to the settlement of the ANI loan lawsuit (see non-GAAP reconciliation in the accompanying financial tables of this press releas GlobeNewswire ? 2 months ago PBAM +5.92% Private Bancorp of America, Inc. Announces Strong Net Income and Earnings Per Share for First Quarter 2024 First Quarter 2024 Highlights Net income for the first quarter of 2024 of $7.9 million, compared to $7.9 million in the prior quarter and $9.0 million in the first quarter of 2023. Net income for the first quarter of 2024 represents a return on average assets of 1.48% and a return on average tangible common equity of 16.86%Diluted earnings per share for the first quarter of 2024 of $1.36, compared to $1.36 in the prior quarter and $1.57 in the first quarter of 2023Loans held-for-investment (“HFI GlobeNewswire ? 5 months ago PBAM +5.92% Private Bancorp of America, Inc. Announces Record Net Income and Earnings Per Share for Full Year 2023 with Total Assets of $2.2 Billion Fourth Quarter 2023 Highlights Net income for the fourth quarter of 2023 of $7.9 million, compared to $8.5 million in the prior quarter and up from $7.4 million in the fourth quarter of 2022. Net income for the fourth quarter of 2023 represents a return on average assets of 1.51% and a return on average tangible common equity of 17.53% Diluted earnings per share for the fourth quarter of 2023 of $1.36, compared to $1.47 in the prior quarter and $1.31 in the fourth quarter of 2022 Loans held-for- GlobeNewswire ? 8 months ago PBAM +5.92% Performance Overview Trailing total returns as of 10/18/2024, which may include dividends or other distributions. Benchmark is S&P 500 Return PBAM S&P 500 YTD +40.00% +22.95% 1-Year +53.13% +34.10% 3-Year +97.26% +31.16%
