Valley Financial Corporation Reports Second Quarter 2014 Financial Results Including a 9% Annualized Loan Growth Rate and a 12% Annualized Deposit Growth Rate; Declares Quarterly Cash Dividend
GlobeNewswire - Fri Aug 01, 7:41AM CDT
Valley Financial Corporation (Nasdaq:VYFC) announced today its consolidated financial results for the second quarter of 2014 and reported net income available to common shareholders for the three months ended June 30, 2014 of $1,744,000, a 1% increase as compared to $1,730,000 for the prior year's second quarter. Diluted earnings per share increased 3% to $0.36 as compared to $0.35 for the second quarter of 2013. The Company's earnings for the three months ended June 30, 2014 produced an annualized return on average total assets of 0.81% and an annualized return on average shareholders' equity of 12.43% as compared to 0.97% and 12.13%, respectively, for the prior year's quarter. In comparison to the linked quarter, net income available to common shareholders increased $228,000 or 15.0%, while diluted earnings per share increased $0.05 or 16.1%.
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Naugatuck Valley Financial Corporation Announces Annual Meeting Date
GlobeNewswire - Fri Mar 08, 3:30PM CST
Naugatuck Valley Financial Corporation (Nasdaq:NVSL) announced today that the Naugatuck Valley Financial Corporation Annual Meeting of Stockholders will be held on Thursday, June 20, 2013.