First Citizens Bank Posts Net Income Gain
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First Citizens Bank, based in Sherman Oaks, reported that its third-quarter net income more than doubled for the period that ended Sept. 30.
The bank posted net income of $176,000, compared to $77,000 in the third quarter a year earlier.
For the nine months, the bank’s net income more than tripled to $433,000, compared to $121,000 in the same period a year ago.
The bank attributed its improved results in part to cost controls.
As of Sept. 30, the bank’s total assets were $44.8 million, down 4% from a year ago.
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