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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

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