Solera National Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 24, 2022
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Solera National Bancorp, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net income was USD 4.9 million compared to USD 3.4 million a year ago. Basic earnings per share from continuing operations was USD 1.14 compared to USD 0.79 a year ago.
For the nine months, net income was USD 13.19 million compared to USD 8.47 million a year ago. Basic earnings per share from continuing operations was USD 3.07 compared to USD 1.97 a year ago.
Solera National Bancorp, Inc. is the holding company for Solera National Bank (Bank). The Bank is a business-focused bank located in the Denver metropolitan area. The Bank serves the needs of emerging businesses and real estate investors. The Bank offers a range of commercial and consumer banking services. The Bank aggregates loans into five portfolio segments: commercial real estate, residential real estate, commercial and industrial, construction and land development, and consumer. The Bank's personal banking services include checking accounts, savings accounts, certificates of deposits (CDs), other products and services, certificate of deposit account registry service (CDARS) and others. The Bank's business banking services include checking accounts, savings accounts, business loans, CDs, remote deposit, CDARS, telephone banking, loans, treasury management and additional business services.