In The News

Net income through the first nine months of 2019 was up at five of the six community banks headquartered in the Tampa-St. Petersburg-Clearwater metro area and with a presence in Pinellas County.

First Citrus Bancorporation Inc., the holding company for Tampa-based First Citrus Bank, set an earnings record over the first three quarters of 2019, with net income rising by 6% compared to the same period last year.

HYPR, the leading provider of True Passwordless Security, announced today the company has closed $18.3 Million in Series B financing led by Comcast Ventures, bringing the company’s total funding to more than $32 million.

The first three-quarter period ending September 30, 2019 was a record earnings period, with net income up 6% over the previous year period. Due to our increased personnel roster and expansion activities in the Pinellas County market, earnings dipped 15% compared to our record third quarter in 2018.

Legacy banks are struggling to transform their brick-and-mortar ecosystems to fit into an increasingly digital world. How do they do it? And more importantly, how do they do it without alienating customers who are accustom to one-on-one interactions?

Those were just a couple of questions addressed by Nika Stelman last week during a panel at the Bank Customer Experience Summit in Chicago.

Founded in 1999, First Citrus Bank has weathered a recession and tsunami of consolidation in Florida’s banking industry while barely missing a beat. Two decades later, it’s one of the last Tampa-based community banks standing, shepherded through good times and bad by founding CEO Jack Barrett and Chief Banking Officer Jessica Hornof, the latter who started as a teller in 2002 and worked her way up.

Tampa-headquartered First Citrus Bancorp ranked No. 191 on the list with $403 million in total assets and a 9.19 percent three-year return on equity.

First Citrus Bank has a lot to celebrate in 2019. This year marks the community bank’s 20-year anniversary helping Tampa Bay’s families become more financially secure and businesses more economically successful. In addition to this milestone, First Citrus Bank has recently received local and national recognition.
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June 30, 2019 YTD earnings were the highest on record for the first six month period after the strongest first quarter earnings performance in company history. Due to fewer loans sold in the secondary market, earnings declined compared to our record second quarter in 2018.

First Citrus Bank is eyeing St. Petersburg for its next office.

It would be the first new office in a decade for First Citrus, based in Tampa and with five offices in Hillsborough County.