Bank of Mckenney (BOMK) 9.1000 $BOMK
Bank of McKenney Reports Best Second Quarter and Year-to-Date Results in its 108 Year History
PR Newswire - Fri Aug 08, 3:47PM CDT
Bank of McKenney (OTCBB: BOMK) today announced record second quarter earnings of $539,000, an annualized increase of 20% over 2013 second quarter earnings of $489,000. Basic and diluted earnings per share of $0.28 were reported for the three months ended June 30, 2014. For the six-month period ended June 30, 2014, the Bank reported earnings of $880,000, an annualized increase of 4% when compared to $860,000 reported through the first six months of 2013. For the first six months of 2014 and 2013, earnings per basic and diluted share of $0.46 and $0.45, respectively, were achieved. Annualized returns on average assets and average equity for the first six months of 2014 were 0.80% and 7.8%, respectively, compared to 0.80% and 8.0%, respectively, for the same period in 2013. Interest margins have remained steady during the last two quarters, at 4.72% for the first half of 2014 compared to 4.75 for the same period in 2013.
Landis+Gyr and EnBW sign milestone agreement in stringent data protection market
PR Newswire - Thu Jan 16, 8:00AM CST
Landis+Gyr, the global leader in smart metering and grid management solutions, has signed a cooperation agreement with German utility EnBW for the piloting of state of the art smart metering systems. The agreement is the first of its kind: it involves a smart metering system that meets German data protection requirements, which demand the highest levels of end-consumer protection and security.
On Strong Loan Demand, A Growing Margin And A Return To Pre-Recession Reserve Provision Needs, Bank of McKenney Reports Best Second Quarter And Year-to-Date Results In Its 107 Year History
PR Newswire - Mon Jul 08, 3:05PM CDT
Bank of McKenney (OTCBB: BOMK) today announced record second quarter earnings of $489,000, an increase of 93.28% over 2012 second quarter earnings of $253,000. The growth in net income is primarily the result of strong margins, a growing loan-to-deposit ratio and provisions made to loan loss reserves more in line with pre-recession norms. Basic and diluted earnings per share of $0.26 were reported for the three months ended June 30, 2013, double the $0.13 per share reported in the prior year's results for the same period. For the six-month period ended June 30, 2013, the Bank reported earnings of $860,000, a jump of 35.01% or $223,000 when compared to the $637,000 reported through the first six months of 2012. For the first two quarters of 2013 and 2012, earnings per basic and diluted share of $0.45 and $0.34, respectively, were recorded. Annualized returns on average assets and average equity for the first six months of 2013 were 0.80% and 8.00%, respectively, compared to 0.62% and 6.17%, respectively
Bank of McKenney Reports Double Digit Annualized Growth, Solid Earnings And Opens Permanent Rivers Bend Branch During The First Quarter 2013
PR Newswire - Tue Apr 09, 3:05PM CDT
Bank of McKenney (OTCBB: BOMK) today announced earnings of $370,000 for the three-month period ending March 31, 2013, a 3.65% decrease when compared to net income of $384,000 for the same period in 2012. Basic and diluted earnings per share of $0.20 were recorded for the three months ended March 31, 2013 equaling those recorded for the three months ended March 31, 2012. There were 1,894,002 weighted average common shares outstanding during the first quarter of 2013 and 1,893,812 weighted average common shares outstanding during the first quarter of 2012. Return on average equity on an annualized basis during the first quarter of 2013 was 7.00% as compared to 7.57% for the first quarter of 2012. Return on average assets during the first quarter of 2013, on an annualized basis, decreased 6 basis points to 0.69% from the prior year level of 0.75%.
Bank of McKenney Reports Best Second Quarter and Year-to-Date Results in its 108 Year History
PR Newswire - Fri Aug 08, 3:47PM CDT
Bank of McKenney (OTCBB: BOMK) today announced record second quarter earnings of $539,000, an annualized increase of 20% over 2013 second quarter earnings of $489,000. Basic and diluted earnings per share of $0.28 were reported for the three months ended June 30, 2014. For the six-month period ended June 30, 2014, the Bank reported earnings of $880,000, an annualized increase of 4% when compared to $860,000 reported through the first six months of 2013. For the first six months of 2014 and 2013, earnings per basic and diluted share of $0.46 and $0.45, respectively, were achieved. Annualized returns on average assets and average equity for the first six months of 2014 were 0.80% and 7.8%, respectively, compared to 0.80% and 8.0%, respectively, for the same period in 2013. Interest margins have remained steady during the last two quarters, at 4.72% for the first half of 2014 compared to 4.75 for the same period in 2013.
Landis+Gyr and EnBW sign milestone agreement in stringent data protection market
PR Newswire - Thu Jan 16, 8:00AM CST
Landis+Gyr, the global leader in smart metering and grid management solutions, has signed a cooperation agreement with German utility EnBW for the piloting of state of the art smart metering systems. The agreement is the first of its kind: it involves a smart metering system that meets German data protection requirements, which demand the highest levels of end-consumer protection and security.
On Strong Loan Demand, A Growing Margin And A Return To Pre-Recession Reserve Provision Needs, Bank of McKenney Reports Best Second Quarter And Year-to-Date Results In Its 107 Year History
PR Newswire - Mon Jul 08, 3:05PM CDT
Bank of McKenney (OTCBB: BOMK) today announced record second quarter earnings of $489,000, an increase of 93.28% over 2012 second quarter earnings of $253,000. The growth in net income is primarily the result of strong margins, a growing loan-to-deposit ratio and provisions made to loan loss reserves more in line with pre-recession norms. Basic and diluted earnings per share of $0.26 were reported for the three months ended June 30, 2013, double the $0.13 per share reported in the prior year's results for the same period. For the six-month period ended June 30, 2013, the Bank reported earnings of $860,000, a jump of 35.01% or $223,000 when compared to the $637,000 reported through the first six months of 2012. For the first two quarters of 2013 and 2012, earnings per basic and diluted share of $0.45 and $0.34, respectively, were recorded. Annualized returns on average assets and average equity for the first six months of 2013 were 0.80% and 8.00%, respectively, compared to 0.62% and 6.17%, respectively
Bank of McKenney Reports Double Digit Annualized Growth, Solid Earnings And Opens Permanent Rivers Bend Branch During The First Quarter 2013
PR Newswire - Tue Apr 09, 3:05PM CDT
Bank of McKenney (OTCBB: BOMK) today announced earnings of $370,000 for the three-month period ending March 31, 2013, a 3.65% decrease when compared to net income of $384,000 for the same period in 2012. Basic and diluted earnings per share of $0.20 were recorded for the three months ended March 31, 2013 equaling those recorded for the three months ended March 31, 2012. There were 1,894,002 weighted average common shares outstanding during the first quarter of 2013 and 1,893,812 weighted average common shares outstanding during the first quarter of 2012. Return on average equity on an annualized basis during the first quarter of 2013 was 7.00% as compared to 7.57% for the first quarter of 2012. Return on average assets during the first quarter of 2013, on an annualized basis, decreased 6 basis points to 0.69% from the prior year level of 0.75%.
