Earnings Release – Redwood Capital Bancorp – Third Quarter, 2024
REDWOOD CAPITAL BNCRP(CA) (RWCB)
NASDAQ:AMEX Investor Relations:
snl.com/irweblinkx/corporateprofile.aspx?iid=4161597&xslt=4161597_alt&template=3
Company Research
Source: Business Wire
Company Reports Continued Strong Excess Liquidity EUREKA, Calif.--(BUSINESS WIRE)--On October 30, 2024, REDWOOD CAPITAL BANCORP (the company), (OTCQX:RWCB), the only locally owned and operated community bank holding company in Humboldt County, announced unaudited financial results for the three and nine month period ended September 30, 2024. Redwood Capital Bank (the bank), the company’s wholly owned subsidiary, reported consistent earnings.John Dalby, President and CEO commented, “During the third quarter 2024, Redwood Capital Bank experienced deposit growth of $16.8 million, adding to its already strong liquidity position. As a practice, the bank has sold-off excess liquidity through IntraFi. As of September 30, 2024, these sold deposits exceeded $67 million. In addition to our strong liquidity position, Redwood Capital Bank (the bank) continues to grow its robust capital position boasting a Leverage Capital Ratio of 12.50% and Tangible Capital Ratio of 11.51% The loan portfolio
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