CommunityOne Bancorp (COB) Misses Q2 EPS by 1c
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CommunityOne Bancorp Announces Second Quarter Net Income of $2.5 Million, 30% Growth in Net Income Before Tax and 14% Annualized Loan Growth
July 30, 2015 8:01 AM EDTCHARLOTTE, N.C., July 30, 2015 (GLOBE NEWSWIRE) -- CommunityOne Bancorp ("Company") (NASDAQ: COB), the holding company for CommunityOne Bank, N.A. ("Bank"), today announced its unaudited financial results for the quarter ended June 30, 2015. Highlights include:
Net income before tax was $3.9 million in 2Q 2015, an increase of 30% from 2Q 2014. Net income in 2Q 2015 was $2.5 million, or $0.10 per diluted share. Pre credit and nonrecurring items earnings ("PCNR Earnings") were $4.0 million in 2Q 2015, an increase of 56% from 2Q 2014. Loans grew at a 14% annualized rate in 2Q... More