Exchange Bank (Santa Rosa, CA) Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023
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Exchange Bank (Santa Rosa, CA) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 22.83 million compared to USD 24.54 million a year ago. Net loss was USD 2.14 million compared to net income of USD 9.52 million a year ago. Basic loss per share from continuing operations was USD 1.25 compared to basic earnings per share from continuing operations of USD 5.55 a year ago.
For the six months, net interest income was USD 47.57 million compared to USD 46.92 million a year ago. Net income was USD 7.08 million compared to USD 17.78 million a year ago. Basic earnings per share from continuing operations was USD 4.13 compared to USD 10.37 a year ago.
Exchange Bank (the Bank) is a full-service community bank. The Bank provides a range of personal, commercial and trust and investment management services with over 16 retail branches in Sonoma County, a commercial branch in Roseville and Trust & Investment Management offices in Santa Rosa, Roseville and Silicon Valley. The Bank's personal banking products and services include checking, savings, personal loans, home loans and credit cards. The Bank's business banking products and services include checking, savings, loans, credit cards and merchant services. Its services include trust administration, investment management, retirement accounts and estate settlement.
EXCHANGE BANK (SANTA ROSA, CA) 
