Commonwealth Business Bank (OTCMKTS:CBBI) Posts Earnings Results

Commonwealth Business Bank (OTCMKTS:CBBI) posted its quarterly earnings results on Friday. The company reported $0.48 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $18.85 million during the quarter.

Commonwealth Business Bank Trading Up 2.1%

OTCMKTS CBBI traded up $0.28 on Friday, reaching $13.70. 2,820 shares of the company were exchanged, compared to its average volume of 1,675. The business’s fifty day moving average price is $13.91 and its 200 day moving average price is $12.75. The stock has a market capitalization of $145.49 million, a P/E ratio of 7.45 and a beta of 0.13. Commonwealth Business Bank has a fifty-two week low of $10.38 and a fifty-two week high of $14.24.

About Commonwealth Business Bank

Commonwealth Business Bank is a commercial bank headquartered in Los Angeles, California. The bank focuses on serving small and mid-sized businesses, entrepreneurs, professionals and individual customers through relationship-based banking services.

Its products and services include business and personal deposit accounts, commercial and industrial loans, commercial real estate financing, small business lending, residential mortgage loans and other credit products. Customers may also have access to treasury management, online banking, mobile banking and related cash-management services.

Commonwealth Business Bank was established in 2005 and has developed a presence in California and Texas, with an emphasis on serving local business communities, including Korean-American and other diverse customer segments.