CommunityOne Bancorp (COB) Misses Q4 EPS by 1c

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Go back to CommunityOne Bancorp (COB) Misses Q4 EPS by 1c

CommunityOne Bancorp Announces Fourth Quarter Core Net Income Excluding Nonrecurring Items of $2.7 Million, 2015 Loan Growth of 14% and Deposit Growth of 9%

January 29, 2016 8:00 AM EST

CHARLOTTE, N.C., Jan. 29, 2016 (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 December 31, 2015.  Highlights include:

Core net income in 4Q 2015 was $2.7 million ($0.11 per diluted share), an increase of 16% from core net income in 4Q 2014, and was $10.7 million ($0.44 per diluted share) for full year 2015, an increase of 43% from 2014.  Net income in 4Q 2015 was $0.4 million ($0.01 per diluted share) and $6.9 million ($0.29 per diluted share) for full year 2015.Loans grew 14%... More