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PCB: 3Q Earnings Snapshot

·1 min read

LOS ANGELES (AP) _ PCB Bancorp (PCB) on Tuesday reported third-quarter earnings of $3.4 million.

The bank, based in Los Angeles, said it had earnings of 22 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.

The company posted revenue of $21.9 million in the period. Its revenue net of interest expense was $19.1 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $18.7 million.

PCB shares have declined 48% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.07, a fall of 47% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PCB at https://www.zacks.com/ap/PCB