UPDATE: Pacific City Financial Corporation (PCB) Raises Quarterly Dividend 20% to $0.06; 1.3% Yield

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Go back to UPDATE: Pacific City Financial Corporation (PCB) Raises Quarterly Dividend 20% to $0.06; 1.3% Yield

Pacific City Financial Corporation Reports Earnings of $6.6 million for Q1 2019 and Increased Cash Dividend

April 26, 2019 4:15 PM EDT

LOS ANGELES--(BUSINESS WIRE)-- Pacific City Financial Corporation (the Company) (NASDAQ: PCB), the holding company of Pacific City Bank (the Bank), today reported net income of $6.6 million, or $0.40 per diluted common share for the first quarter of 2019, compared with $6.7 million, or $0.41 per diluted common share, in the previous quarter and $6.3 million, or $0.46 per diluted common share, in the year-ago quarter.

Q1 2019 Financial Highlights

Net income totaled $6.6 million or $0.40 per diluted common share; Total assets were $1.72 billion at March31, 2019, an increase of $20.7 million, or 1.2%, from $1.70 billion at December31, 2018 and an increase of $138.8... More