Redwood Capital Bancorp Q3 Profit Rises to $1.76 Million as Revenue Climbs 10.5%

Redwood Capital Bancorp (RWCB) reported higher third-quarter earnings, with net income rising to $1.76 million from $1.55 million in the same period last year. Earnings per share came in at $0.94, up from $0.80 a year earlier, according to GAAP figures released by the company. Revenue for the quarter increased 10.5% to $5.68 million from $5.14 million last year.