Latest Louisiana Bancorp (LABC) Headlines
Louisiana Bancorp, Inc. Initiates Quarterly Cash Dividend Policy and Announces Declaration of First Cash Dividend
GlobeNewswire - Fri Jan 31, 6:30AM CST
Louisiana Bancorp, Inc. (Nasdaq:LABC) announced today that its Board of Directors at their meeting on January 27, 2014, initiated a quarterly cash dividend policy and declared its first cash dividend, a $.05 cash dividend per share on the common stock of the Company, payable on February 25, 2014 to the shareholders of record at the close of business on February 10, 2014.
Louisiana Bancorp, Inc. Announces Earnings for the Fourth Quarter and Year
GlobeNewswire - Fri Jan 31, 6:00AM CST
Louisiana Bancorp, Inc. (the "Company") (Nasdaq:LABC), the holding company for Bank of New Orleans (the "Bank"), announced today that the Company's net income for the quarter ended December 31, 2013 was $638,000, or $0.24 per diluted share, a decrease of $87,000 from the quarter ended December 31, 2012. An increase in net interest income of $165,000 and a decrease in non-interest expense of $138,000 were offset by a decrease in non-interest income of $448,000 during the fourth quarter of 2013 compared to the fourth quarter of 2012. The decrease in non-interest income was due to a $430,000 decrease in gains on the sale of residential mortgage loans during the period. For the year ended December 31, 2013, the Company reported net income of $2.7 million, or $1.03 per diluted share, compared to net income of $2.5 million, or $0.90 per diluted share, during the year ended December 31, 2012.
Louisiana Bancorp, Inc. Announces Earnings for the Third Quarter and the Extension of Stock Repurchase Program
GlobeNewswire - Fri Nov 01, 6:00AM CDT
Louisiana Bancorp, Inc. (the "Company") (Nasdaq:LABC), the holding company for Bank of New Orleans (the "Bank"), announced today that the Company's net income for the quarter ended September 30, 2013 was $576,000, or $0.22 per diluted share, a decrease of $71,000 from the quarter ended September 30, 2012. Net interest income decreased by $38,000 and non-interest income decreased by $198,000 during the third quarter of 2013 compared to the third quarter of 2012. The decrease in non-interest income was due to a $196,000 decrease in gains on the sale of residential mortgage loans during the period. Non-interest expense was $1.9 million and $2.0 million, respectively during the third quarter of 2013 and the third quarter of 2012. For the nine month period ended September 30, 2013, the Company reported net income of $2.1 million, or $0.79 per diluted share, compared to net income of $1.8 million, or $0.64 per diluted share, during the nine month period ended September 30, 2012.
Louisiana Bancorp, Inc. Announces Earnings for the Second Quarter
GlobeNewswire - Fri Aug 02, 6:00AM CDT
Louisiana Bancorp, Inc. (the "Company") (Nasdaq:LABC), the holding company for Bank of New Orleans (the "Bank"), announced today that the Company's net income for the quarter ended June 30, 2013 was $994,000, or $0.38 per diluted share, an increase of $378,000 from the second quarter of 2012. Net interest income was approximately $2.5 million during each of the respective three month periods ended June 30, 2013 and 2012. Our provision for loan losses was $6,000 during the second quarter of 2013 compared to $73,000 during the second quarter of 2012. Non-interest income for the June 30, 2013 quarter increased by $436,000 compared to the June 30, 2012 quarter due primarily to an increase in gains on loans sold and an increase in gains from other equity investments. Total non-interest expense was $2.0 million for each of the quarterly periods ended June 30, 2013 and 2012. For the six month period ended June 30, 2013, the Company reported net income of $1.5 million, or $0.57 per diluted share, compared to net income of $1.1 million, or $0.40 per diluted share, during the six month period ended June 30, 2012.
Louisiana Bancorp, Inc. Announces Earnings for the First Quarter
GlobeNewswire - Fri May 03, 6:00AM CDT
Louisiana Bancorp, Inc. (the "Company") (Nasdaq:LABC), the holding company for Bank of New Orleans (the "Bank"), announced today that the Company's net income for the quarter ended March 31, 2013 was $500,000, or $0.19 per diluted share, a decrease of $19,000 from the first quarter of 2012. Net interest income was approximately $2.4 million during each of the respective three month periods ended March 31, 2013 and 2012. Our provision for loan losses increased by $86,000, to $141,000, during the first quarter of 2013 compared to the first quarter of 2012. This increase in our provision for loan losses primarily reflects the growth of our loan portfolio. Non-interest income for the March 31, 2013 quarter increased by $223,000 compared to the March 31, 2012 quarter due primarily to an increase in commissions earned on brokered loans and an increase in gains on loans sold. Total non-interest expense was $2.0 million for the first quarter of 2013, an increase of $173,000 compared to the first quarter of 2012. Th
Louisiana Bancorp, Inc. Announces Stock Repurchase Program
GlobeNewswire - Wed Feb 27, 11:33AM CST
Louisiana Bancorp, Inc. (Nasdaq:LABC), the holding company for Bank of New Orleans, announced today that it has completed its previously announced stock repurchase program and that it will initiate a new stock repurchase program to acquire up to 150,000 shares of its outstanding common stock. These shares may be purchased in the open market or privately negotiated transactions, as and when deemed appropriate by management over the next six months.
Louisiana Bancorp, Inc. Initiates Quarterly Cash Dividend Policy and Announces Declaration of First Cash Dividend
GlobeNewswire - Fri Jan 31, 6:30AM CST
Louisiana Bancorp, Inc. (Nasdaq:LABC) announced today that its Board of Directors at their meeting on January 27, 2014, initiated a quarterly cash dividend policy and declared its first cash dividend, a $.05 cash dividend per share on the common stock of the Company, payable on February 25, 2014 to the shareholders of record at the close of business on February 10, 2014.
Louisiana Bancorp, Inc. Announces Earnings for the Fourth Quarter and Year
GlobeNewswire - Fri Jan 31, 6:00AM CST
Louisiana Bancorp, Inc. (the "Company") (Nasdaq:LABC), the holding company for Bank of New Orleans (the "Bank"), announced today that the Company's net income for the quarter ended December 31, 2013 was $638,000, or $0.24 per diluted share, a decrease of $87,000 from the quarter ended December 31, 2012. An increase in net interest income of $165,000 and a decrease in non-interest expense of $138,000 were offset by a decrease in non-interest income of $448,000 during the fourth quarter of 2013 compared to the fourth quarter of 2012. The decrease in non-interest income was due to a $430,000 decrease in gains on the sale of residential mortgage loans during the period. For the year ended December 31, 2013, the Company reported net income of $2.7 million, or $1.03 per diluted share, compared to net income of $2.5 million, or $0.90 per diluted share, during the year ended December 31, 2012.
Louisiana Bancorp, Inc. Announces Earnings for the Third Quarter and the Extension of Stock Repurchase Program
GlobeNewswire - Fri Nov 01, 6:00AM CDT
Louisiana Bancorp, Inc. (the "Company") (Nasdaq:LABC), the holding company for Bank of New Orleans (the "Bank"), announced today that the Company's net income for the quarter ended September 30, 2013 was $576,000, or $0.22 per diluted share, a decrease of $71,000 from the quarter ended September 30, 2012. Net interest income decreased by $38,000 and non-interest income decreased by $198,000 during the third quarter of 2013 compared to the third quarter of 2012. The decrease in non-interest income was due to a $196,000 decrease in gains on the sale of residential mortgage loans during the period. Non-interest expense was $1.9 million and $2.0 million, respectively during the third quarter of 2013 and the third quarter of 2012. For the nine month period ended September 30, 2013, the Company reported net income of $2.1 million, or $0.79 per diluted share, compared to net income of $1.8 million, or $0.64 per diluted share, during the nine month period ended September 30, 2012.
Louisiana Bancorp, Inc. Announces Earnings for the Second Quarter
GlobeNewswire - Fri Aug 02, 6:00AM CDT
Louisiana Bancorp, Inc. (the "Company") (Nasdaq:LABC), the holding company for Bank of New Orleans (the "Bank"), announced today that the Company's net income for the quarter ended June 30, 2013 was $994,000, or $0.38 per diluted share, an increase of $378,000 from the second quarter of 2012. Net interest income was approximately $2.5 million during each of the respective three month periods ended June 30, 2013 and 2012. Our provision for loan losses was $6,000 during the second quarter of 2013 compared to $73,000 during the second quarter of 2012. Non-interest income for the June 30, 2013 quarter increased by $436,000 compared to the June 30, 2012 quarter due primarily to an increase in gains on loans sold and an increase in gains from other equity investments. Total non-interest expense was $2.0 million for each of the quarterly periods ended June 30, 2013 and 2012. For the six month period ended June 30, 2013, the Company reported net income of $1.5 million, or $0.57 per diluted share, compared to net income of $1.1 million, or $0.40 per diluted share, during the six month period ended June 30, 2012.
Louisiana Bancorp, Inc. Announces Earnings for the First Quarter
GlobeNewswire - Fri May 03, 6:00AM CDT
Louisiana Bancorp, Inc. (the "Company") (Nasdaq:LABC), the holding company for Bank of New Orleans (the "Bank"), announced today that the Company's net income for the quarter ended March 31, 2013 was $500,000, or $0.19 per diluted share, a decrease of $19,000 from the first quarter of 2012. Net interest income was approximately $2.4 million during each of the respective three month periods ended March 31, 2013 and 2012. Our provision for loan losses increased by $86,000, to $141,000, during the first quarter of 2013 compared to the first quarter of 2012. This increase in our provision for loan losses primarily reflects the growth of our loan portfolio. Non-interest income for the March 31, 2013 quarter increased by $223,000 compared to the March 31, 2012 quarter due primarily to an increase in commissions earned on brokered loans and an increase in gains on loans sold. Total non-interest expense was $2.0 million for the first quarter of 2013, an increase of $173,000 compared to the first quarter of 2012. Th
Louisiana Bancorp, Inc. Announces Stock Repurchase Program
GlobeNewswire - Wed Feb 27, 11:33AM CST
Louisiana Bancorp, Inc. (Nasdaq:LABC), the holding company for Bank of New Orleans, announced today that it has completed its previously announced stock repurchase program and that it will initiate a new stock repurchase program to acquire up to 150,000 shares of its outstanding common stock. These shares may be purchased in the open market or privately negotiated transactions, as and when deemed appropriate by management over the next six months.
