The bank also declared a $0.10 quarterly dividend, payable August 7, reflecting an annualized rate of $0.40 per share.
Redwood Capital Bancorp reported second-quarter GAAP earnings per share of $0.84, matching revenue of $6.31 million. The results reflect the bank’s ongoing financial performance amid current market conditions.
The company’s prior quarter or year-ago figures were not disclosed in the release. The declared dividend of $0.10 per share represents a consistent payout policy, aligning with an annualized rate of $0.40 per share.
No immediate market reaction was detailed in the announcement.