/PRNewswire/ Suncrest Bank (OTCQX: SBKK) today reported unaudited financial results for the third quarter of 2021. Third Quarter 2021 Highlights Announced.
/PRNewswire/ Suncrest Bank (OTCQX: SBKK) today reported unaudited financial results for the third quarter of 2021. Third Quarter 2021 Highlights Announced.
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SACRAMENTO, Calif. and VISALIA, Calif., April 26, 2021 /PRNewswire/ Suncrest Bank (OTCQX: SBKK) today reported unaudited financial results for the first quarter of 2021. Our momentum coming out of 2020 has continued through Q1 and the bank has posted another outstanding quarter in both earnings and balance sheet growth, said Ciaran McMullan, President and CEO of Suncrest Bank. Earnings per share increased by 40% over the same quarter last year and our organic loan and deposit growth was extremely strong. Total loans, excluding PPP, increased at an annualized rate of 11% and total deposits increased by over 27% annualized, McMullan added.
Suncrest Bank Reports First Quarter Earnings EPS increase of 40% and annualized non-PPP loan growth of 11% prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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SACRAMENTO, Calif. and VISALIA, Calif., Jan. 27, 2021 /PRNewswire/ Suncrest Bank (OTCQX: SBKK) today reported unaudited financial results for the fourth quarter and full year of 2020. Suncrest Bank has delivered an exceptionally strong year despite the challenges faced in 2020. We posted net income of over $13 million, increased EPS by almost 12% to $1.06, our return on average tangible assets was 1.14%, and our efficiency ratio was under 52% for the year, said Mr. Ciaran McMullan, President and CEO of Suncrest Bank. Our momentum continued to build through year-end with fourth quarter earnings of $4.35 million up nearly 36% over the linked quarter, organic non-PPP loan growth of 3.45% or approximately 14% annualized, and $59 million in new originations which is a single-quarter record.