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Regional Pacific Bank, with stock symbol AVBH, is a publicly traded company on the U.S. stock exchange. The bank focuses on providing a range of financial services, including commercial and consumer banking, to individuals and businesses in the Western United States.
In terms of financial performance, Regional Pacific Bank has generally shown consistent growth in recent years. As of the most recent quarter, the bank reported total assets of $2.1 billion, an increase of 14.6% compared to the same period last year. Additionally, the bank's net interest income for the quarter was $16.3 million, up 15.4% from the prior year period.
Regional Pacific Bank has also been successful in controlling its expenses and maintaining strong credit quality. The bank's efficiency ratio for the most recent quarter was 53.5%, an improvement from 55.3% in the same period last year. The bank's provision for loan losses was $729,000, a decrease of $331,000, or 31.1%, from the same period in the prior year.
Moreover, the bank's earnings have been solid. For the most recent quarter, Regional Pacific Bank reported earnings per share (EPS) of $0.43, an increase of 20.5% from the same period last year. The bank's return on average assets (ROAA) was 1.13%, and its return on average equity (ROAE) was 11.0%, both of which are strong compared to industry averages.
In summary, Regional Pacific Bank has demonstrated consistent financial and earning growth in recent years, with a focus on controlling expenses and maintaining strong credit quality. The bank's solid earnings and strong returns on assets and equity make it an attractive investment option for those looking to invest in the banking sector.