Profits Off Slightly at BYL Bancorp

BYL Bancorp in Orange, the holding company for BYL Bank, reported third-quarter net income of $1.01 million, or 40 cents a share, down slightly from earnings of $1.04 million, or 41 cents a share, for last year’s third quarter.

The company, which has agreed to be acquired by PBOC Holdings Inc., the parent company of People’s Bank of California, posted quarterly revenue of $9.3 million, and its assets stood at $294 million at the end of September. BYL did not provide revenue or asset figures for the corresponding periods last year.