Reported Earnings Beat All Expectations ( PFBC, RLI, SCSS, UMPQ )

Los Angelas, CA -- (SBWIRE) -- 10/18/2012 -- Preferred Bank (NasdaqNM:PFBC) is very active today and traded between $13.59 - 13.94 with total traded volume of 4919 shares. At a current price of 13.94, PFBC is +0.26 - +1.90% from the previous close of $13.68. Moreover, At Current Market Price, PFBC is in distance of +1.64% from its 50-day Moving Average price of $13.7151 and +11.08% from its 200-day Moving Average price of $12.5498. Preferred Bank(Nasdaq:PFBC), an independent commercial bank focusing on the Chinese-American and diversified Southern California mainstream market, today reported results for the quarter ended September 30, 2012. Preferred Bank ("the Bank") reported net income of $2.8 million or $0.21 per diluted share for the third quarter of 2012. This compares to net income of $6.0 million or $0.46 per diluted share for the third quarter of 2011 and compares to a net loss of $5.6 million or $0.43 per diluted share for the second quarter of 2012. Net income for the third quarter of 2011 was aided by the $4.5 million partial reversal of the Bank's valuation allowance on its deferred tax asset ("DTA"). The loss for the second quarter of 2012 was mainly due to a provision for loan losses of $14.5 million which was the result of two loan relationships which were significantly written down in that quarter.

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RLI Corp. Common (NYSE:RLI) is +0.86 - +1.26% from the previous close of $68.41. It traded between $68.23 - 69.34 with total traded volume of 77333 shares. Keep a close eye on RLI, as the stock has been showing unusual moves over the past weeks. At Current market price, RLI has recovered +11.98% from its 52-week Low of 61.86 and has Pulled back -7.68% from its 52-week high of 75.03. RLI Corp. (NYS: RLI) - RLICorp. reported third quarter 2012 operating earnings of $21.9 million ($1.02 per share), compared to $24.1 million ($1.13 per share) for the third quarter of 2011. For the nine months ended September 30, 2012, operating earnings were $67.7 million ($3.15 per share) compared to $87.3 million ($4.10 per share) for the same period in 2011. RLI achieved $18.5 million of underwriting income in the third quarter of 2012 on an 87.7 combined ratio, compared to $21.5 million of underwriting income on an 85.3 combined ratio in the same quarter for 2011. RLI reported year-to-date underwriting income of $55.1 million representing an 87.1 combined ratio for the nine months ended September 30, 2012, versus $84.6 million of underwriting income representing a 78.5 combined ratio for the same period last year.

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Select Comfort Co (NasdaqNM:SCSS) is +0.43 - +1.34% from the previous close of $32.20. It traded between $31.96 - 32.84 with total traded volume of 1268257 shares. At Current Market Price, SCSS is in distance of +2.95% from its 50-day Moving Average price of $31.694 and +16.77% from its 200-day Moving Average price of $27.9429. Select Comfort Corporation (NASDAQ: SCSS) today reported third-quarter results for the period ended Sept. 29, 2012. Net sales for the quarter increased 24 percent to a third-quarter record of $247 million, compared to $200 million in the third quarter of 2011. Results were driven by company-controlled comparable sales growth of 21 percent. The company reported record third-quarter earnings per diluted share of $0.46, a 48 percent increase versus $0.31 per diluted share in the third quarter of 2011. Customers continue to enthusiastically respond to the Sleep Number brand experience, including our proprietary products and exclusive store experience, which drove record third-quarter sales,” said Shelly Ibach, president and CEO, Select Comfort. “And the strength of our business model resulted in record operating margin as well as record earnings per share.

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Umpqua Holdings C (NasdaqNM:UMPQ) is +0.20 - +1.65% from the previous close of $12.10. It traded between $12.11 - 12.34 with total traded volume of 564291 shares. Keep a close eye on UMPQ, as the stock has been showing unusual moves over the past weeks. At Current market price,UMPQ has recovered +24.37% from its 52-week Low of 9.89 and has Pulled back -11.38% from its 52-week high of 13.88. Umpqua Holdings Corp. (UMPQ) announced third quarter 2012 net earnings available to common shareholders of $25.0 million, or $0.22 per share, up from $21.8 million, or $0.19 per share, for the same period in the prior year. Operating earnings were $25.4 million or $0.23 per share for the third quarter of 2012, compared to $22.1 million, or $0.19 per share n the prior year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.22 per share for the quarter. Analysts' estimates typically exclude special items. Net interest income for the quarter declined to $102.04 million from $107.53 million last year. Total non-interest income for the quarter increased to $33.68 million from $24.78 million last year. Non-covered, non-performing assets were $99.6 million, or 0.86% of total assets, as of September 30, 2012, compared to $116.9 million, or 1.01% of total assets as of June 30, 2012, and $146.4 million, or 1.24% of total assets as of September 30, 2011.

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