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People's Bank of Commerce

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Accordion 1
People's Bank year-to-date Earnings Increase 55%
July 24, 2018
 
Medford, Oregon - People’s Bank of Commerce (OTCBB: PBCO) announced today its financial results for the second quarter and year-to-date 2018. The bank reported net income of $845,000 or $0.29 per basic and diluted share for the second quarter of 2018, compared to net income of $483,000 or $0.20 per share in the same quarter of 2017. Earnings for the first six months of 2018 totaled $1,569,000 or $0.56 per share compared to $1,011,000 or $0.43 per share during the first half of 2017. Diluted earnings per share for the trailing 12 months ending 6/30/2018 were $0.97 per share compared to $0.92 one year earlier.
 
Accordion 2
People's Bank of Commerce Earnings Increase 37%
April 20, 2018
 
Medford, Oregon - People’s Bank of Commerce (OTCBB: PBCO) announced today its financial results for the first quarter of 2018. The bank reported net income of $724,000 or $0.26 per diluted share for the first quarter of 2018, compared to net income of $528,000 or $0.23 per diluted share in the same quarter of 2017. Earnings in the fourth quarter of 2017 totaled $313,000 or $0.11 per diluted share. Earnings per share for the trailing 12 months, was $0.86 per share at the end of the first quarter 2018 from $0.93 per share for the prior period. Fourth quarter 2017 earnings were impacted by the one-time tax charge associated with the tax law revision of $413,000 or $0.15 per share.
 
Accordion 3
People's Bank Declares 5% Stock Dividend

February 28, 2018

The Board of Directors of Peoples Bank of Commerce (OTCBB:PBCO) announced today a five percent (5%) stock dividend payable to all shareholders of record April 27, 2018, payable on or about May 31, 2018.   Ken Trautman, President and CEO stated that “the Board of Directors is delighted to provide this dividend to our shareholders in light of the 35% increase in pretax income in 2017 compared to 2016.”  No fractional shares will be issued and cash will be paid in lieu of fractional shares. 



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