Latest Sussex Bancorp (SBBX) Headlines Nasdaq s
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Posted On: 03/13/2014 2:13:13 AM
Latest Sussex Bancorp (SBBX) Headlines
Nasdaq stocks posting largest volume decreases
AP - Tue Feb 04, 5:06PM CST
NEW YORK (AP) — A look at the 10 biggest volume decliners on Nasdaq at the close of trading:
Sussex Bancorp Announces Earnings for Fiscal Year 2013 and a 68.2% Increase in Diluted EPS
GlobeNewswire - Mon Feb 03, 4:00PM CST
Sussex Bancorp (the "Company") (Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank") today announced reported net income of $621 thousand, or $0.14 per basic and diluted share, for the quarter ended December 31, 2013, as compared to a net loss of $97 thousand, or $(0.03) per basic and diluted share, for the same period last year. For the year ended December 31, 2013, the Company reported net income of $1.4 million, or $0.38 per basic share and $0.37 per diluted share, as compared to net income of $735 thousand, or $0.23 per basic share and $0.22 per diluted share, for the same period last year. Net income benefited from strong growth in loans, which increased $44.7 million or 12.8% at December 31, 2013 as compared to December 31, 2012, and declines of $1.9 million, or 72.9%, and $2.5 million, or 35.0%, in credit quality costs (provision for loan losses, loan collection costs and expenses and write-downs related to foreclosed real estate) for the quarter and year ended December 31, 2013, respectively, as compared to the same periods in the prior year. The declines in credit quality costs were driven by a significant improvement in credit quality as non-performing assets ("NPAs") to total assets improved to 3.1%, which is the lowest level since 2007.
Sussex Bancorp Announces Third Quarter and Year to Date Results for 2013
GlobeNewswire - Thu Oct 31, 4:00PM CDT
Sussex Bancorp (the "Company") (Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank") today announced reported net income of $575 thousand, or $0.14 per basic and diluted share, for the quarter ended September 30, 2013, as compared to net income of $546 thousand, or $0.17 per basic and diluted share, for the same period last year. For the nine months ended September 30, 2013, the Company reported net income of $807 thousand, or $0.23 per basic and diluted share, as compared to net income of $832 thousand, or $0.26 per basic and $0.25 per diluted share, for the same period last year. Net income benefited from strong growth in loans, which increased $44.6 million or 12.8% at September 30, 2013 as compared to December 31, 2012, and declines of 44.5% and 12.9%, in credit quality costs (provision for loan losses, loan collection costs and expenses and write-downs related to foreclosed real estate) for the quarter and year to date for 2013, respectively, as compared to the same periods in the prior year. The declines in credit quality costs were driven by a significant improvement in credit quality as non-performing assets ("NPAs") to total assets improved to 3.2%, which is the lowest level since 2007.
Sussex Bancorp Successfully Completes Rights Offering
GlobeNewswire - Tue Aug 06, 4:00PM CDT
Sussex Bancorp (the "Company") (Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank"), announced today the completion of its rights offering on August 5, 2013. The rights offering, which expired at 5:00 p.m. Eastern time on July 29, 2013, was fully subscribed and resulted in gross proceeds totaling approximately $7.2 million before expenses. In total, including standby commitments of approximately $2.4 million from standby purchasers, the Company had total commitments of approximately $16.6 million to purchase the Company's stock. Over-subscription privilege requests were three times greater than what was available to issue.
Sussex Bancorp Announces Second Quarter and Year to Date Results for 2013
GlobeNewswire - Mon Jul 29, 5:16PM CDT
Sussex Bancorp (the "Company") (Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank") today announced reported net income of $134 thousand, or $0.04 per basic and diluted share, for the quarter ended June 30, 2013, as compared to net income of $481 thousand, or $0.15 per basic and $0.14 per diluted share, for the same period last year. For the six months ended June 30, 2013, the Company reported net income of $232 thousand, or $0.07 per basic and diluted share, as compared to net income of $286 thousand, or $0.09 per basic and diluted share, for the same period last year.
Nasdaq stocks posting largest percentage decreases
AP - Mon Jul 15, 5:08PM CDT
NEW YORK (AP) — A look at the 10 biggest percentage decliners on Nasdaq at the close of trading:
Sussex Bancorp Corrects Information Relating to Its Rights Offering
GlobeNewswire - Fri Jun 28, 8:12AM CDT
Sussex Bancorp (the "Company") (Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank") today announced a correction to the subscription ratio included in its earlier press release relating to the launch of its rights offering of up to 1,198,300 shares of common stock to existing shareholders as part of its $7.2 million capital raise.
Sussex Bancorp Announces Launch of Rights Offering
GlobeNewswire - Fri Jun 28, 6:00AM CDT
Sussex Bancorp (the "Company") (Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank") today announced a rights offering of up to 1,198,300 shares of common stock to existing shareholders as part of its $7.2 million capital raise.
Sussex Bancorp Announces First Quarter Results for 2013
GlobeNewswire - Wed May 01, 1:00PM CDT
Sussex Bancorp (the "Company") (Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank") today announced reported net income of $98 thousand, or $0.03 per basic and diluted share, for the quarter ended March 31, 2013, as compared to a net loss of $195 thousand, or $(0.06) per basic and diluted share, for the same period last year. The Company continued to improve its asset credit quality as total problem assets and non-performing assets ("NPAs") continued to decline. Overall problem assets are down 50.6% from their historical high at March 31, 2010, and the ratio of NPAs to total assets improved to 4.4% at March 31, 2013, from 4.6% at December 31, 2012. Non-accrual loans to total assets fell to 2.99% at March 31, 2013, which is the lowest level since 2007.
Nasdaq stocks posting largest volume decreases
AP - Tue Feb 04, 5:06PM CST
NEW YORK (AP) — A look at the 10 biggest volume decliners on Nasdaq at the close of trading:
Sussex Bancorp Announces Earnings for Fiscal Year 2013 and a 68.2% Increase in Diluted EPS
GlobeNewswire - Mon Feb 03, 4:00PM CST
Sussex Bancorp (the "Company") (Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank") today announced reported net income of $621 thousand, or $0.14 per basic and diluted share, for the quarter ended December 31, 2013, as compared to a net loss of $97 thousand, or $(0.03) per basic and diluted share, for the same period last year. For the year ended December 31, 2013, the Company reported net income of $1.4 million, or $0.38 per basic share and $0.37 per diluted share, as compared to net income of $735 thousand, or $0.23 per basic share and $0.22 per diluted share, for the same period last year. Net income benefited from strong growth in loans, which increased $44.7 million or 12.8% at December 31, 2013 as compared to December 31, 2012, and declines of $1.9 million, or 72.9%, and $2.5 million, or 35.0%, in credit quality costs (provision for loan losses, loan collection costs and expenses and write-downs related to foreclosed real estate) for the quarter and year ended December 31, 2013, respectively, as compared to the same periods in the prior year. The declines in credit quality costs were driven by a significant improvement in credit quality as non-performing assets ("NPAs") to total assets improved to 3.1%, which is the lowest level since 2007.
Sussex Bancorp Announces Third Quarter and Year to Date Results for 2013
GlobeNewswire - Thu Oct 31, 4:00PM CDT
Sussex Bancorp (the "Company") (Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank") today announced reported net income of $575 thousand, or $0.14 per basic and diluted share, for the quarter ended September 30, 2013, as compared to net income of $546 thousand, or $0.17 per basic and diluted share, for the same period last year. For the nine months ended September 30, 2013, the Company reported net income of $807 thousand, or $0.23 per basic and diluted share, as compared to net income of $832 thousand, or $0.26 per basic and $0.25 per diluted share, for the same period last year. Net income benefited from strong growth in loans, which increased $44.6 million or 12.8% at September 30, 2013 as compared to December 31, 2012, and declines of 44.5% and 12.9%, in credit quality costs (provision for loan losses, loan collection costs and expenses and write-downs related to foreclosed real estate) for the quarter and year to date for 2013, respectively, as compared to the same periods in the prior year. The declines in credit quality costs were driven by a significant improvement in credit quality as non-performing assets ("NPAs") to total assets improved to 3.2%, which is the lowest level since 2007.
Sussex Bancorp Successfully Completes Rights Offering
GlobeNewswire - Tue Aug 06, 4:00PM CDT
Sussex Bancorp (the "Company") (Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank"), announced today the completion of its rights offering on August 5, 2013. The rights offering, which expired at 5:00 p.m. Eastern time on July 29, 2013, was fully subscribed and resulted in gross proceeds totaling approximately $7.2 million before expenses. In total, including standby commitments of approximately $2.4 million from standby purchasers, the Company had total commitments of approximately $16.6 million to purchase the Company's stock. Over-subscription privilege requests were three times greater than what was available to issue.
Sussex Bancorp Announces Second Quarter and Year to Date Results for 2013
GlobeNewswire - Mon Jul 29, 5:16PM CDT
Sussex Bancorp (the "Company") (Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank") today announced reported net income of $134 thousand, or $0.04 per basic and diluted share, for the quarter ended June 30, 2013, as compared to net income of $481 thousand, or $0.15 per basic and $0.14 per diluted share, for the same period last year. For the six months ended June 30, 2013, the Company reported net income of $232 thousand, or $0.07 per basic and diluted share, as compared to net income of $286 thousand, or $0.09 per basic and diluted share, for the same period last year.
Nasdaq stocks posting largest percentage decreases
AP - Mon Jul 15, 5:08PM CDT
NEW YORK (AP) — A look at the 10 biggest percentage decliners on Nasdaq at the close of trading:
Sussex Bancorp Corrects Information Relating to Its Rights Offering
GlobeNewswire - Fri Jun 28, 8:12AM CDT
Sussex Bancorp (the "Company") (Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank") today announced a correction to the subscription ratio included in its earlier press release relating to the launch of its rights offering of up to 1,198,300 shares of common stock to existing shareholders as part of its $7.2 million capital raise.
Sussex Bancorp Announces Launch of Rights Offering
GlobeNewswire - Fri Jun 28, 6:00AM CDT
Sussex Bancorp (the "Company") (Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank") today announced a rights offering of up to 1,198,300 shares of common stock to existing shareholders as part of its $7.2 million capital raise.
Sussex Bancorp Announces First Quarter Results for 2013
GlobeNewswire - Wed May 01, 1:00PM CDT
Sussex Bancorp (the "Company") (Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank") today announced reported net income of $98 thousand, or $0.03 per basic and diluted share, for the quarter ended March 31, 2013, as compared to a net loss of $195 thousand, or $(0.06) per basic and diluted share, for the same period last year. The Company continued to improve its asset credit quality as total problem assets and non-performing assets ("NPAs") continued to decline. Overall problem assets are down 50.6% from their historical high at March 31, 2010, and the ratio of NPAs to total assets improved to 4.4% at March 31, 2013, from 4.6% at December 31, 2012. Non-accrual loans to total assets fell to 2.99% at March 31, 2013, which is the lowest level since 2007.
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