Quarterly Report Card: Research Reports on Atlas, Auburn, Bank Mutual, Bank of Commerce, and Bancorp

NEW YORK, February 5, 2015 /PRNewswire/ --

Moments ago, Analysts Review released new research updates concerning several important developing situations including Atlas (NASDAQ: AFH), Auburn (NASDAQ: AUBN), Bank Mutual (NASDAQ: BKMU), Bank of Commerce (NASDAQ: BOCH), and Bancorp (NASDAQ: BMRC). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.

To access our full PDF reports on a complementary basis, please visit the links below.

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Today's update concerns the following companies:

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Full PDF Download Links (you may have to copy and paste the following links into your browser):

AFH Research Report: ( http://get.analystsreview.com/pdf/?c=Atlas&d=05-Feb-2015&s=AFH ),

AUBN Research Report: ( http://get.analystsreview.com/pdf/?c=Auburn&d=05-Feb-2015&s=AUBN ),

BKMU Research Report: ( http://get.analystsreview.com/pdf/?c=Bank%20Mutual&d=05-Feb-2015&s=BKMU ),

BOCH Research Report: ( http://get.analystsreview.com/pdf/?c=Bank%20of%20Commerce&d=05-Feb-2015&s=BOCH ),

BMRC Research Report: ( http://get.analystsreview.com/pdf/?c=Bancorp&d=05-Feb-2015&s=BMRC ).

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Analyst Update: Financial Sector Reports Quarterly Results

Reviewed by: Rohit Tuli, CFA®  

Snapping two-day long winning streak, the U.S. benchmark indices ended lower on Wednesday as the European Central Bank (ECB) tightened restrictions on Greece's bailout and as oil prices retreated after four consecutive sessions. While the Dow Jones Industrial Average ended almost flat for the day, the S&P 500 and the Nasdaq Composite indexes finished lower by 0.42% and 0.23%, respectively. The ECB on Wednesday said that it would no longer accept junk-rated Greece government debt as collateral for loans. The move came as a huge blow to the Greece's new government which has been seeking to renegotiate the terms of bailout with its lenders. Meanwhile, European stocks rose for the third straight session on Wednesday, helped by rise in the health care stocks and the Greece market which also overshadowed the decline in energy stocks. Asian stocks mostly ended higher on Wednesday, tracking gains in the European and the US markets.

Atlas Financial Holdings, Inc. (Atlas) reported a 31.1% YoY increase in gross premium underwritten in Q3 2014, which included an increase of 33% in core commercial auto business. The Chicago, Illinois-based Company, engaged in commercial automobile insurance, reported earnings per diluted common share of $0.29, representing a $0.12 increase before the impact of the $1.8 million discount upon redemption of preferred stock that occurred in Q3 2013.

Auburn National Bancorporation, Inc. (Auburn) reported record full-year net earnings of $7.4 million, or $2.04 per share in 2014, helped by a decline in net charge-offs and successful resolution of a significant portion of its nonperforming assets (NPAs). In an earnings released dated January 28, 2015, the Company reported Q4 2014 net earnings of $1.9 million, or $0.52 per share, compared to $1.7 million, or $0.47 per share, in Q4 2013.

Bank Mutual Corporation (Bank Mutual) announced net income of $3.8 million or $0.08 per diluted share in Q4 2014, an improvement of a 42.3% YoY. According to the Company, the improvement was led by increased net interest income and lower provision for loan losses. For full-year 2014, Bank Mutual reported net income of $14.7 million or $0.31 per diluted share in 2014, versus a net income of $10.8 million or $0.23 per diluted share in 2013.

Bank of Commerce Holdings (Bank of Commerce) reported net income available to common shareholders of $1.2 million, or diluted EPS of $0.09 for Q3 2014, down from $1.8 million, or $0.12 per diluted share in Q3 2013.

Bank of Marin Bancorp (Bancorp) clocks record annual earnings of $19.8 million, compared to $14.3 million in 2013, led by strong loan growth and improved credit quality. Q4 2014 earnings totaled $4.7 million, or 748 cents per share, compared to $2.3 million, or 41 cents in Q4 2013. However, the results missed Wall Street expectations.

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About Analysts Review  

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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.

Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

Further Resources: For more information about this release including editorial notes, compliance procedures and legal disclosures, please visit: http://www.analystsreview.com/editors

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

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