Pacific Valley Bancorp Announces Its Third Quarter 2022 Financial Results
SALINAS, Calif., Oct. 31, 2022 /PRNewswire/ -- Pacific Valley Bancorp (OTC Pink: PVBK) announced its unaudited earnings results for the third quarter 2022.
- SALINAS, Calif., Oct. 31, 2022 /PRNewswire/ -- Pacific Valley Bancorp (OTC Pink: PVBK) announced its unaudited earnings results for the third quarter 2022.
- Net income for the quarter ended September 30, 2022, was $1.2 million representing a 47% or $395 thousand increase from the third quarter ended September 30, 2021.
- The annualized net interest margin for the third quarter 2022 equated to 3.90% compared with 3.59% for the third quarter of 2021.
- The Company's subsidiary, Pacific Valley Bank equity increased to $61.5 million at September 30, 2022 compared to $60.8 million at June 30, 2022.