Eugene bank profits climb

Eugene bank profits climb

Pacific Continental Corp. reported a 56% increase in net earnings for the first quarter of 2014.

Eugene-based Pacific Continental had a profit of $3.8 million for the most recent quarter, or 21 cents per share, compared to $2.5 million or 14 cents per share for the first three months of 2013.

The bank increased lending almost across the board while the credit quality of its loans continued to improve. For the fourth quarter in a row, Pacific Continental made no provision for loan losses.

Read more at the Register-Guard