First Citrus Bancorp reports across-the-board growth

Apr 24, 2019

First Citrus Bancorporation Inc. (OTC Pink: FCIT), the parent bank holding company for First Citrus Bank, reported a 74 percent growth in net earnings for the first quarter of fiscal 2019.

The Tampa-based bank reported a net income of $1.06 million for the first quarter compared to $609,000 for the three months ending March 31, 2018.

The bank, which is one of the largest community banks by assets in the Tampa Bay area, reported in January that it had surpassed $400 million in assets for the fourth quarter of fiscal 2018.

Overall, the bank reported across-the-board growth, according to a U.S. Securities and Exchange Commission filing.

First Citrus reported asset growth of 7 percent — from $369.5 million in 2018 to $396 million this year — for the first quarter. Loan growth was up 5 percent from $291 million to $305 million; demand deposits grew 6 percent from $102 million to $108 million; and its book share value increased by 13 percent from $15.29 to $17.25.

“Our credit discipline remained consistent, as new loan closings were up a modest 2 percent. We’re pleased to see our loan pipeline refilling,” said John Barrett, president and CEO of First Citrus Bank, in a prepared statement.

First Citrus Bank has five locations throughout the Tampa Bay area.

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Brandon Location Map

First Citrus Bank Brandon

1314 Oakfield Drive | Brandon, FL 33511

Customer Service

813-864-0929

Loans

813-269-5414

Fax

813-864-0937

Monday - Thursday

  • Lobby: 9:00am - 4:00pm
  • Drive-Thru: 8:00am - 5:30pm

Friday

  • Lobby: 9:00am - 6:00pm
  • Drive-Thru: 8:00am - 6:00pm
Carrollwood Location Map

First Citrus Bank Carrollwood

10824 N. Dale Mabry Hwy | Tampa, FL 33618

Customer Service

813-926-2848

Loans

813-269-5414

Fax

813-269-5416

Monday - Thursday

  • Lobby: 9:00am - 4:00pm
  • Drive-Thru: 8:00am - 5:30pm

Friday

  • Lobby: 9:00am - 6:00pm
  • Drive-Thru: 8:00am - 6:00pm
Citrus Park Location Map

First Citrus Bank Citrus Park

13850 Sheldon Road | Tampa, FL 33626

Customer Service

813-926-5588

Loans

813-269-5414

Fax

813-864-1250

Monday - Thursday

  • Lobby: 9:00am - 4:00pm
  • Drive-Thru: 8:00am - 5:30pm

Friday

  • Lobby: 9:00am - 6:00pm
  • Drive-Thru: 8:00am - 6:00pm
Kennedy Location Map

First Citrus Bank Kennedy

4302 West Kennedy Blvd. | Tampa, FL 33609

Customer Service

813-422-6625

Loans

813-269-5414

Fax

813-422-6650

Monday - Thursday

  • Lobby: 9:00am - 4:00pm
  • Drive-Thru: 8:00am - 5:30pm

Friday

  • Lobby: 9:00am - 6:00pm
  • Drive-Thru: 8:00am - 6:00pm
South Tampa Location Map

First Citrus Bank South Tampa

4240 Henderson Boulevard | Tampa, FL 33629

Customer Service

813-287-0992

Loans

813-269-5414

Fax

813-287-0322

Monday - Thursday

  • Lobby: 9:00am - 4:00pm
  • Drive-Thru: 8:00am - 5:30pm

Friday

  • Lobby: 9:00am - 6:00pm
  • Drive-Thru: 8:00am - 6:00pm