Menu
/REGISTER
PPB
Montecito
ROAM
Loading...
You are here:  Home  >  Banking & Finance  >  Current Article

Heritage Oaks Bancorp increases third quarter earnings

By   /   Thursday, October 29th, 2015  /   Comments Off on Heritage Oaks Bancorp increases third quarter earnings

    Print       Email

Paso Robles-based Heritage Oaks Bancorp reported $4 million in net income, or 12 cents per share, for the third quarter of 2015.

That was up from $3.4 million, or 10 cents per share, recorded in the third quarter of last year.

Loans grew 4.8 percent, or $55.2 million, to $1.21 billion in the third quarter compared to $1.15 billion in the third quarter of last year.

Deposits increased by $148.8 million, or 10.5 percent, to $1.57 billion for the third quarter, up from $1.42 billion last year.

“We had solid loan and deposit growth for the third quarter as our relationship banking initiatives continued to pay off,” Heritage President and CEO Simone Lagomarsino said in a prepared statement.

Total assets increased by $157.7 million, or 9.2 percent, to $1.9 billion in the third quarter, compared to the same period the previous year.

Heritage Oaks closed its $56 million acquisition of Mission Community Bank on Feb. 28 of last year.

• Contact Alex Kacik at [email protected]

    Print       Email

You might also like...

Trump in Ventura County in wake of mass shooting, deadly fires

Read More →