Redwood Capital Bancorp (CA) (RWCB) news stock charts
Redwood Capital Bancorp (CA) (RWCB/RWCB.OB) Investment Summary:
Redwood Capital Bancorp operates as the holding company for Redwood Capital Bank, which provides commercial, industrial, agricultural, personal credit, and other banking services in California. The bank offers various deposit products, checking accounts, savings accounts, negotiable order of withdrawal accounts, and money markets accounts, as well as business checking and savings accounts. Its lending products include real estate mortgage and commercial loans, commercial loans, agricultural loans, and installment and other loans to individuals. In addition, the bank provides online banking and merchant banking services. The company was incorporated in 2003 and is headquartered in Eureka, Cal...REDWOOD CAPITAL BANCORP (RWCB:OTC Bulletin Board Market)
Snapshot of REDWOOD CAPITAL BANCORP (RWCB)
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OPEN
$6.00
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PREVIOUS CLOSE
$6.99
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DAY HIGH
$6.00
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DAY LOW
$6.00
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52 WEEK HIGH
03/23/09 - $8.00
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52 WEEK LOW
10/21/09 - $4.55
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MARKET CAP
9.9M
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AVERAGE VOLUME 10 D
291.2
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EPS TTM
--
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SHARES OUTSTANDING
1.7M
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RWCB Does Not Pay Dividends
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P/E TTM
--
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Key developments for REDWOOD CAPITAL BANCORP (RWCB)
Redwood Capital Bancorp (CA) announced unaudited consolidated financial results for the three and twelve month periods ended December 31, 2009. For the quarter, the company's consolidated net interest income totaled $1,825,000, an increase of 4% from the three months ended September 30, 2009, and compared to $1,486,000 a year ago. The company also reported a sharp increase in consolidated net income before taxes of $548,000, an increase of 51% from the three months ended September 30, 2009. Interest income was $2,326,000 compared to $2,215,000 a year ago. Net Income before provision and OREO was $825,000 compared to $618,000 a year ago. For the year to date, the company's consolidated net interest income totaled $6,742,000, an increase of 15% from $5,858,000 for the twelve months ended December 31, 2008. The company also reported a sharp increase in consolidated net income before taxes of $427,000, an increase of 187% from $149,000 for the twelve months ended and December 31, 2008. The increase from last year's performance was attributed to enhanced core earnings, robust residential mortgage revenues and attainment of stand alone profitability at the Company's second full-service branch in Fortuna. Interest income was $8,951,000 compared to $8,714,000 a year ago. Net Income before provision and OREO was $2,574,000 compared to $1,673,000 a year ago.
Redwood Capital Bancorp (CA) reported earnings results for the third quarter ended September 30, 2009. For the quarter, the company reported interest income was $2,308,000 compared to $2,189,000 for the same period a year ago. Income before taxes was $363,000 compared to loss before taxes of $688,000 for the same period a year ago.
Redwood Capital Bancorp (CA) reported earnings results for the second quarter ended June 30, 2009. Net interest income for the quarter ended June 30, 2009 totaled $1,638 000, up a sharp 17% from the $1,406,000 for the quarter ended June 30, 2008. Net income before loan loss provisions and loan related expenses for the quarter was $554,000, up 26% from the $440,000 reported for the quarter ended June 30, 2008. Net income before provision was $110 million compared to $307 million for the quarter ended June 30, 2008. Loss before taxes for the period was $688 million compared to income before taxes of $186 for the same period last year.
Redwood Capital Bancorp (CA) financial resources
RWCB Competitors
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Industry Analysis
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RWCB transactions
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| No transactions in the last 6 months. | ||
More Recent Financial News About Redwood Capital Bancorp (CA)
Redwood Capital Reports Strong Earnings and Growth in Challenging Environment
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Redwood Capital Reports Strong Earnings and Growth in Challenging Environment
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