First Choice Bancorp Announces First Quarter of 2021 Financial Results
April 26, 2021 16:13 ET | Source: First Choice Bancorp First Choice Bancorp
Current Quarter Highlights
Net income of $9.8 million, compared to $10.8 million for Q4 20 and $4.5 million for Q1 20
Diluted earnings per common share of $0.82, compared to $0.92 for Q4 20 and $0.39 for Q1 20
Pre-tax pre-provision income was $14.0 million, compared to $15.4 million for Q4 20 and $9.1 million for Q1 20
Net interest margin of 4.20%, compared to 4.31% for Q4 20
and 4.78% for Q1 20
Cost of funds of 0.18%, improved 9 bps from Q4 20 and 54 bps from Q1 20
Return on average assets of 1.64%, compared to 1.88% for Q4 20 and 1.06% for Q1 20