1st Capital Bancorp Announces Second Quarter 2024 Financial Results
1ST CAP BANCORP (FISB)
NASDAQ:AMEX Investor Relations:
1stcapital.bank/shareholder-information.aspx
Company Research
Source: GlobeNewswire
SALINAS, Calif., July 29, 2024 (GLOBE NEWSWIRE) -- 1st Capital Bancorp (the “Company”), (OTCQX: FISB), the parent company of 1st Capital Bank (the “Bank”), today reported unaudited net income of $894 thousand, or $0.16 per diluted share, for the second quarter of 2024, compared to $901 thousand, or $0.16 per diluted share, in the preceding quarter and $609 thousand, or $0.11 per diluted share, for the second quarter of 2023. Net income for the first six months of 2024 was $1.8 million, an increase of $128 thousand, or 7.7%, compared to $1.7 million over the first six months of last year. “The combined effects of continued growth in loan portfolio, repricing of cash flows, and interest rate hedges are beginning to provide the net interest margin and profitability benefits as anticipated,” said President and Chief Executive Officer Sam Jimenez. “Separately, I want to highlight and acknowledge the professionalism and commitment of the 1st Capital team who ensure our clients and commun
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