CU Bancorp Reports Net Income of $2.4 Million and Core Net Income of $2.9 Million for Second Quarter of 2014 with Loan Growth of 11%

ENCINO, Calif.--(BUSINESS WIRE)--CU Bancorp (NASDAQ: CUNB), the parent company of wholly owned California United Bank, today reported net income of $2.4 million for the second quarter of 2014, an increase of 2.8% from net income of $2.3 million for the second quarter of 2013, or $0.21 and $0.22 per fully diluted share, respectively. Core net income (defined below) for the second quarter of 2014 was $2.9 million, or $0.26 per diluted share, an increase of 24% from core net income of $2.3 million, or $0.22 per share for the second quarter of 2013.