BRIEFLY.Byline: The Register-Guard Bank reports strong increase in profit for the quarter and year The corporate parent of Eugene-based Pacific Continental Bank reported strong growth on Tuesday Tuesday: see week. for the fourth quarter of 2005 and for the full year. For the fiscal quarter that ended Dec. 31, Pacific Continental Corp. reported net income of $2.8 million, a 24.1 percent increase over its $2.2 million in net income for the same quarter of 2004. The bank had earnings of 29 cents per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share for the most recent quarter, up from 25 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. a year earlier. The fourth quarter included Pacific Continental's acquisition of Seattle-based Northwest Business Bank, giving the Oregon Oregon, city, United States Oregon, city (1990 pop. 18,334), Lucas co., NW Ohio, a suburb adjacent to Toledo, on Lake Erie; inc. 1958. It is a port with railroad-owned and -operated docks. The city has industries producing oil, chemicals, and metal products. bank its first branches in the state of Washington Washington, town, England Washington, town (1991 pop. 48,856), Sunderland metropolitan district, NE England. Washington was designated one of the new towns in 1964 to alleviate overpopulation in the Tyneside-Wearside area. . For the full year, the bank reported net income of $9.5 million, a 20.5 percent increase of its 2004 income of $7.9 million. Earnings per diluted share were $1.05 for the year, up 16.7 percent from 90 cents per share in 2004. |
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