Private Bancorp of America, Inc. Announces Record Net Income and Earnings Per Share for First Quarter 2023
First Quarter 2023 Highlights
LA JOLLA, Calif., April 21, 2023 (GLOBE NEWSWIRE) — Private Bancorp of America, Inc. (OTCQX:PBAM), (“Company”) and CalPrivate Bank (“Bank”) announced unaudited financial results for the first fiscal quarter ended March 31, 2023. The Company reported record net income of $9.0 million, or $1.57 per diluted share, for the first quarter of 2023 compared to $6.5 million, or $1.13 per diluted share, for the first quarter of 2022.
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