First Pacific Bancorp's Q1 net income rises on loan and deposit growth

FIRST PAC BANCORP CA

FIRST PAC BANCORP CA

FPBC

0.00


Overview

  • Community bank's Q1 net income rose yr/yr as loans and deposits increased

  • Company reported strong asset quality and minimal non-performing assets

  • Capital ratios remained strong, supporting future expansion plans


Outlook

  • Company says it is focused on disciplined growth and expanding into new markets


Result Drivers

  • LOAN AND DEPOSIT GROWTH - Co said Q1 results were supported by increases in loans and deposits

  • STRONG ASSET QUALITY - Co said asset quality remained excellent with minimal non-performing assets and loan losses


Company press release: ID:nGNX5089QD


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Net Income

$453,000


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