Financial Highlights

On a quarterly basis, Pacific Continental (Nasdaq: PCBK) provides a summary of its Financial Highlights for the proceeding three months. For your convenience, we’ve consolidated the financial highlights noted in our most recent earnings releases.

3rd Quarter 2014

  • Net income of $4.4 million for the quarter, up 12.46% over third quarter last year.
  • Repurchased 132,358 shares during the third quarter 2014.
  • Average core deposits increased $26.6 million or 2.63% during third quarter.
  • Efficiency ratio continued to improve and remained below 60.00% during third quarter 2014.
  • Declared fourth quarter 2014 regular quarterly cash dividend of $0.10 per share and a special cash dividend of $0.05 per share.
  • Received Spotlight! On Business Award for large business from the Tacoma-Pierce County Chamber of Commerce for members that have set the standard for exemplary business practices.

2nd Quarter 2014

  • Net income of $4.1 million for the quarter, up 11.39% over second quarter last year.
  • Announced share repurchase plan and repurchased 134,722 shares during the second quarter 2014.
  • Loan growth continued for the twelfth consecutive quarter.
  • Efficiency ratio below 60.00%.
  • Declared third quarter 2014 regular quarterly cash dividend of $0.10 per share and a special cash dividend of $0.03 per share.
  • Total risk-based capital ratio of 15.73%, well above the 10.00% minimum for "well-capitalized" designation.
  • Recognized by Seattle Business magazine as one of Washington's 100 Best Companies to Work for in 2014.

1st Quarter 2014 

  • Net income was $3.8 million for the quarter, up 56.41% over first quarter last year. 
  • Outstanding loans exceed $1 billion.
  • Annualized first quarter loan growth of 10.74% continued a nine quarter growth trend.
  • Continued improvement in credit quality statistics.
  • Declared second quarter 2014 regular quarterly cash dividend of $0.10 per share and special cash dividend of $0.11 per share.
  • Total risk-based capital ratio of 16.21%, significantly above the 10% minimum for "well-capitalized" designation.
  • For the 15th consecutive year recognized by Oregon Business magazine as one of the 100 Best Companies to Work For in Oregon.
  • Recipient of the United Way of Lane County's annual LIVE UNITED award for contributions to the community by the bank and its employees.

4th Quarter and Year End 2013

  • Record net income of $13.8 million for the year 2013.
  • Organic loan growth continued for the eighth consecutive quarter.
  • Continued improvement in credit quality statistics.
  • Declared first quarter 2014 regular quarterly cash dividend of $0.10 per share and special cash dividend of $0.10 per share.
  • Total risk-based capital ratio of 16.15%, significantly above the 10.00% minimum for “well-capitalized” designation.
  • Recognized as one of Oregon’s most admired companies by the Portland Business Journal for the fifth consecutive year.

Analyst Coverage

  • Howe Barnes Hoefer & Arnett
  • D. A. Davidson & Co.
  • Sandler O’Neill & Partners
  • FIG Partners
  • Wunderlich Securities Inc.   
  • Raymond James Financial

 

Transfer Agent

Registrar and Transfer Company,10 Commerce Drive, Cranford 07016. 800-368-5948.

Email: info@rtco.com 
Website: www.rtco.com