San Joaquin Bancorp , a bank holding company with $878 million in assets, today announced financial results for the 2nd quarter ended June 30, 2008.
Financial Performance
Net income after tax for the 2nd quarter of 2008 was $2.64 million compared to $2.36 million reported for the 2nd quarter of 2007, an increase of 12.1%. Earnings per share (EPS) for the 2nd quarter of 2008 were $0.65 per diluted share compared to $0.58 per diluted share reported in the 2nd quarter of 2007, an increase of 12.1%. 2nd quarter EPS for 2007 have been adjusted for the 2008 stock dividend.
Net income after tax year to date in 2008 was $5.23 million compared to $4.57 million reported year to date in 2007, an increase of 14.4%. Year to date earnings per share (EPS) for 2008 were $1.29 per diluted share compared to $1.12 per diluted share reported in the same period in 2007, an increase of 15.2%. Year to date EPS for 2007 have been adjusted for the 2008 stock dividend.
