Business Wire (April 19, 2004)
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North Valley Bancorp Reports Net Income of $0.30 per Share; ROE is 17.75% / Loans Grow at 30% Annual Rate / Third Consecutive Quarter of Reduced Expenses.
Business Editors
REDDING, Calif.--(BUSINESS WIRE)--April 19, 2004 North Valley Bancorp (Nasdaq:NOVB), a multi-bank holding company with $730 million in assets, today reported results for the three months ending March 31, 2004. North Valley Bancorp ("the Company") is the parent company for North Valley Bank ("NVB") and Six Rivers Bank, a division of NVB. The Company reported net income for the three months ended March 31, 2004 of $2,074,000 or $0.30 per diluted share compared to $2,095,000 or $0.29 per diluted share for the same period in 2003. This represents a slight decrease in net income but a $.01 increase in diluted earnings per share due to stock repurchases which occurred d...Try vLex for FREE for 3 days
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