Weekly profile.
WEEKLY PROFILE
FIRST REGIONAL BANCORP
Symbol: FRGB Exchange: NASDAQ Close: $29.301-WK % Chg: 0.2%
Business Overview
First Regional Bancorp, incorporated in 1981, is a bank holding
company primarily engaged in coordinating the general policies
and activities of its principal asset, First Regional Bank.
The bank conducts a business-oriented wholesale banking operation,
with services tailored to the needs of businesses and professionals
in its service area. The bank's main office is located in Los
Angeles, California. It also has full branch regional offices located
in the California cities of Irvine, Glendale, Santa Monica, Torrance
and Encino. First Regional Bank also has a Merchant Services division
located in Agoura Hills, California. Its customers include
professionals working in the primary service areas, as well
as many business accounts located throughout both the
counties of Los Angeles and Orange. First Regional Bancorp has two
other subsidiaries, First Regional Statutory Trust I and First
Regional Statutory Trust II, which exist for the sole purpose
of issuing Trust Securities and investing the proceeds thereof
in junior subordinated deferrable debentures issued by the
Company and engaging in certain other limited activities.
Income Statement LTM '03 * 2002
Revenue (millions) $32.8 $25.9
Operating Income (millions) 6.8 4.8
Net Income (millions) 4.2 3.0
EPS $1.47 $1.14
Summary
Headquarters: Los Angeles
Market Cap: $85.7 million
Dividend Yield: NA **
P/E Ratio: 19.9
* Latest twelve months ended on Sept. 30
** Company does not pay a dividend.
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