CommerceBank Reports Record 1st-Quarter Net
- Share via
CommerceBank reported record first-quarter net income of $361,000, up 24% from $291,000 reported a year earlier.
Total assets were $216 million on March 31, up 20% from $180 million a year earlier. Deposits of $202.8 million at the end of the first quarter were 22% higher than the $166.2 million reported a year earlier.
The Newport Beach-based business bank said its shareholders’ equity totaled $10.8 million on March 31, up 12.8% from $9.55 million at the end of the first quarter of 1986.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
