Pacific Continental Corp. expected to Report Fiscal Year 2009 Results on January 18, 2010. This event was calculated by Capital IQ (Created on October 27, 2009).

Pacific Continental Corp. said that the company will sell about $35 million of its common stock in an underwritten public offering. The company added that it plans to use the net proceeds from the offering for general corporate purposes including organic growth and acquisitions.

Pacific Continental Corp. reported un-audited consolidated earnings results for the third quarter and nine months ended September 30, 2009. Net income for the third quarter 2009 was $0.279 million compared to net income of $3.0 million for the third quarter 2008. Net income per diluted share was $0.02 for the third quarter 2009, compared to net income of $0.25 per diluted share reported for the prior year third quarter. Core earnings for the third quarter were $7.8 million an increase of 33.5% over the $5.9 million reported for the similar period in 2008. This increase is the result of both increased operating revenue and continued expense control while achieving an expansion in an already stable and strong net interest margin. This result was achieved despite increased FDIC premium rates. Operating revenue was $14.8 million during the third quarter 2009, up $1.5 million or 11.1% over the $13.4 million reported during the third quarter 2008. Contributing to the improvement in operating revenue was an 8.9% quarter-over-quarter growth in average earning assets and an improvement in the net interest margin to 5.19%, up 11 basis points over third quarter 2008. Net interest income was $13.717 million against $12.303 million of previous year period. Loss before provision for income taxes was $0.488 million compared to $4.803 million for the same period last year. Return on average assets was 0.10% against 1.16% of previous year period. Return on average equity (book) was 0.92% compared to 10.68% for the comparable period last year. Return on average equity (tangible) was 1.14% against 13.42% of previous year period. For the first nine months of 2009, the net loss was $4.9 million compared to net income of $9.1 million for the same period during 2008. Net loss per diluted share was $0.38 for the first nine months of 2009, compared to net income of $0.76 per diluted share for the first nine months of 2008. Net interest income was $40.255 million against $36.077 million of previous year period. Loss before provision for income taxes was $9.129 million compared to income before benefit for income taxes of $14.627 million for the same period last year.