West Coast Community Bancorp, Parent Company of Santa Cruz County Bank, Reports Earnings For the Quarter Ended September 30, 2023

Board Declares Increase in Quarterly Cash Dividend

SANTA CRUZ, Calif., Oct. 24, 2023 /PRNewswire/ — West Coast Community Bancorp (“Bancorp”, OTCQX: SCZC), the parent company of Santa Cruz County Bank (the “Bank”), announced unaudited earnings for the quarter ended September 30, 2023 of $9.1 million, an increase of 10% from $8.3 million in the prior quarter and a decrease of 1% from $9.2 million in the third quarter of 2022. Basic and diluted earnings per share in the third quarter of 2023 were $1.09 and $1.08, respectively, and both improved over the prior quarter by $0.10. Basic and diluted earnings per share in the third quarter of 2023 improved over the prior year comparative quarter by $0.01 and $0.04, respectively.

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