Private Bancorp of America, Inc. Announces Record Net Income and Earnings Per Share for Fourth Quarter 2024

Fourth Quarter 2024 Highlights Record net income for the fourth quarter of 2024 was $10.7 million, compared to $9.5 million in the prior quarter and $7.9 million in the fourth quarter of 2023. Net income for the fourth quarter of 2024 represents a return on average assets of 1.80% and a return on average tangible common equity of 19.46%Diluted earnings per share for the fourth quarter of 2024 was $1.82, compared to $1.63 in the prior quarter and $1.36 in the fourth quarter of 2023Loans held-for-investment ( ...