California First National Bancorp (CFNB) Reports Q1 EPS of $0.22

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Go back to California First National Bancorp (CFNB) Reports Q1 EPS of $0.22

CFNB First Quarter 2018 Earnings Up 17% Despite Decline in Assets

October 24, 2017 4:00 PM EDT

IRVINE, Calif.--(BUSINESS WIRE)-- California First National Bancorp (NASDAQ: CFNB; CalFirst Bancorp or the Company) net earnings of $2.3 million for the first quarter ended September 30, 2017 are up 17.2% from $1.96 million earned during the first quarter of fiscal 2017. Diluted earnings per share for the first quarter of fiscal 2018 of $0.22 are up 17.1% from $0.19 per share for the prior year first quarter.

As previously reported, over the past eight months, the Companys bank subsidiary (CalFirst Bank) was restricted from participating in new syndicated commercial loans, and directed to reduce its concentration of leveraged loans. As a result, CalFirst Bank has originated no... More