Sussex Bancorp (SBBX) 15.16 $SBBX
Bank Stocks' Q2 Earnings to Watch on Aug 1: CCNE, ONB, SBBX
Zacks Equity Research - Zacks Investment Research - Fri Jul 29, 7:07AM CDT
The overall picture looks reassuring for the banks, as most of the banks that have reported second-quarter results so far beat earnings expectations.
ONB: 13.05 (-0.11), SBBX: 15.16 (-0.24), CCNE: 18.55 (+0.10)
Sussex Bancorp Reports Strong EPS Driven by Loan and Deposit Growth for the Second Quarter
GlobeNewswire - Wed Jul 27, 5:51PM CDT
Sussex Bancorp (the "Company"
(Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank", today announced a 26.3% increase in net income per diluted common share to $0.24 for the quarter ended June 30, 2016 as compared to $0.19 for the same period last year. Also, the Company announced a 45.0% increase in net income per diluted common share to $0.58 for the six months ended June 30, 2016 as compared to $0.40 for the same period last year. For the quarter ended June 30, 2016, the Company reported net income of $1.1 million, as compared to net income of $884 thousand for the same period last year. The improvement for the second quarter of 2016 as compared to the same period last year was mostly driven by a 17.3% increase in net interest income on a fully tax equivalent basis as a result of strong growth in average loans and deposits, which increased $132.1 million, or 27.8%, and $73.8 million, or 18.3%, respectively.
SBB: 45.24 (+0.32), SBBX: 15.16 (-0.24)
Sussex Bancorp Declares Quarterly Cash Dividend
GlobeNewswire - Wed Apr 27, 3:45PM CDT
Sussex Bancorp (Nasdaq:SBBX), the holding company for Sussex Bank, today announced that its Board of Directors declared a quarterly cash dividend of $0.04 per common share, which is payable on May 25, 2016 to common shareholders of record as of the close of business on May 11, 2016.
SBB: 45.24 (+0.32), SBBX: 15.16 (-0.24)
Sussex Bancorp Reports 62% EPS Growth for First Quarter 2016
GlobeNewswire - Tue Apr 26, 4:31PM CDT
Sussex Bancorp (the "Company" (Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank", today announced a 61.9% increase in net income per diluted common share to $0.34 for the quarter ended March 31, 2016 as compared to $0.21 for the same period last year. For the quarter ended March 31, 2016, the Company reported net income of $1.6 million as compared to net income of $952 thousand for the same period last year. The improvement for the first quarter of 2016 as compared to the same period last year was driven by a 17.6% increase in net interest income as a result of strong growth in average loans and deposits, which increased $89.0 million, or 18.9%, and $86.2 million, or 18.5%, respectively, and a $435 thousand, or 108.9%, increase in income before taxes from our insurance agency, Tri-State Insurance Agency. For the first quarter of the 2016, return on average assets and equity were 0.90% and 11.4%, respectively, as compared to the same period last year of 0.64% and 7.3%, respectively.
SBB: 45.24 (+0.32), SBBX: 15.16 (-0.24)
The Zacks Analyst Blog Highlights: Northrim Bancorp, First Bank, Sussex Bancorp, First Bancorp and First NBC Bank Holding
Zacks Equity Research - Zacks Investment Research - Tue Apr 12, 8:30AM CDT
The Zacks Analyst Blog Highlights: Northrim Bancorp, First Bank, Sussex Bancorp, First Bancorp and First NBC Bank Holding
FRBA: 7.21 (-0.11), SBBX: 15.16 (-0.24), FBP: 4.54 (-0.05), NRIM: 27.84 (-0.56), FNBC: 18.10 (-0.93)
5 Value Regional Bank Stocks to Buy Now
Swarup Gupta - Zacks Investment Research - Mon Apr 11, 10:39AM CDT
It has been a bad year for bank stocks and it may be the right time to pick up undervalued picks
FRBA: 7.21 (-0.11), FMER: 21.05 (-0.18), MTU: 5.17 (+0.07), NYCB: 14.43 (-0.02), HBAN: 9.38 (-0.12), JPM: 63.80 (-0.17), SBBX: 15.16 (-0.24), AF: 14.62 (-0.05), C: 43.42 (-0.39), FBP: 4.54 (-0.05), BAC: 14.33 (-0.16), NRIM: 27.84 (-0.56), FNBC: 18.10 (-0.93), MS: 28.50 (-0.23)
Sussex Bancorp Announces a 42% Increase in EPS Driven by Loan and Deposit Growth for Fiscal 2015 and Declares Quarterly Cash Dividend
GlobeNewswire - Thu Jan 28, 4:00PM CST
Sussex Bancorp (the "Company" (Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank", today announced a 42.1% increase in net income per diluted common share to $0.81 for the year ended December 31, 2015 as compared to $0.57 for the same period last year. The improvement for 2015 was driven by an 11.5% increase in net interest income as a result of strong growth in loans and deposits, which increased $71.5 million, or 15.1%, and $59.6 million, or 13.0%, respectively. Additionally, the improvement in net income per diluted common share also benefited from a 58.6% decline in provision for loan losses, which was in part offset by higher non-interest expenses.
SBB: 45.24 (+0.32), SBBX: 15.16 (-0.24)
Sussex Bancorp Announces a 62% Increase in EPS for the Third Quarter of 2015 and Declares Quarterly Cash Dividend
GlobeNewswire - Thu Oct 29, 4:00PM CDT
Sussex Bancorp (the "Company" (Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank", today announced reported net income of $951 thousand, or $0.21 per basic and diluted share, for the quarter ended September 30, 2015, as compared to net income of $592 thousand, or $0.13 per basic and diluted share, for the same period last year. This increase equates to a 61.5% increase in net income per diluted common share for the quarter ended September 30, 2015, as compared to the same period last year. The improvement for the third quarter of 2015 was driven by loan and deposit growth, an increase in pre-tax income generated from our insurance subsidiary and a decline in credit quality costs (provision for loan losses, loan collection costs and expenses and write-downs related to foreclosed real estate). For the first nine months ended September 30, 2015, the Company reported net income of $2.8 million, or $0.61 per basic and diluted share, an increase of over 48% as compared to the same period last year.
SBB: 45.24 (+0.32), SBBX: 15.16 (-0.24)
Sussex Bancorp Announces a 46% Increase in EPS for the Second Quarter of 2015 and Declares Quarterly Cash Dividend
GlobeNewswire - Mon Jul 27, 4:00PM CDT
Sussex Bancorp (the "Company" (Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank", today announced reported net income of $884 thousand, or $0.19 per basic and diluted share, for the quarter ended June 30, 2015, as compared to net income of $607 thousand, or $0.13 per basic and diluted share, for the same period last year. This increase equates to a 46.2% increase in net income per diluted common share for the quarter ended June 30, 2015, as compared to the same period last year. The improvement for the second quarter of 2015 was driven by increased interest income related to loan growth and a 59.7% decline in credit quality costs (provision for loan losses, loan collection costs and expenses and write-downs related to foreclosed real estate) as a result of improved credit quality as non-performing assets ("NPAs" (excluding performing troubled debt restructured loans) fell to 1.45% of total assets at June 30, 2015 from 2.34% at June 30, 2014.
SBB: 45.24 (+0.32), SBBX: 15.16 (-0.24)
Sussex Bancorp Announces a 40% Increase in EPS for the First Quarter of 2015 and Declares Quarterly Cash Dividend
GlobeNewswire - Tue Apr 28, 6:27PM CDT
Sussex Bancorp (the "Company" (Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank", today announced reported net income of $952 thousand, or $0.21 per basic and diluted share, for the quarter ended March 31, 2015, as compared to net income of $678 thousand, or $0.15 per basic and diluted share, for the same period last year. This increase equates to a 40.0% increase in net income per diluted common share for the quarter ended March 31, 2015, as compared to the same period last year. The improvement for 2015 was driven by increased interest income related to loan growth and a 10.2% decline in credit quality costs (provision for loan losses, loan collection costs and expenses and write-downs related to foreclosed real estate) as a result of improved credit quality as non-performing assets ("NPAs" (excluding performing troubled debt restructured loans) fell to 1.57% of total assets at March 31, 2015 from 2.50% at March 31, 2014.
SBB: 45.24 (+0.32), SBBX: 15.16 (-0.24)
Nasdaq stocks posting largest volume decreases
AP - Thu Apr 16, 5:03PM CDT
NEW YORK (AP) — A look at the 10 biggest volume decliners on Nasdaq at the close of trading:
BLVD: 9.62 (-0.07), INTG: 24.32 (+0.04), QADB: 17.75 (+0.07), GLBZ: 10.72 (+0.16), QADA: 19.26 (+0.34), TRCB: 11.39 (+0.21), BCBP: 10.65 (+0.08), BYLK: 17.43 (+0.24), KEQU: 20.78 (+0.53), SFST: 26.10 (-0.96), PSBH: 10.25 (-0.05), ALOT: 15.63 (-0.26), SBBX: 15.16 (-0.24), SEV: 9.55 (-0.24), FCAP: 33.68 (+1.18), KTEC: 9.75 (unch)
Sussex Bancorp Reports a 54% Increase in EPS Driven by Commercial Loan Growth and Improved Credit Quality for Fiscal 2014 and Declares Quarterly Cash Dividend
GlobeNewswire - Mon Feb 02, 2:48PM CST
Sussex Bancorp (the "Company" (Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank", today announced a 54.1% increase in net income per diluted common share for the year ended December 31, 2014 as compared to the same period last year. The improvement for 2014 was driven by strong growth in the commercial loan portfolio, which increased $76.1 million, or 26.9%, and a 49.3% decline in credit quality costs (provision for loan losses, loan collection costs and expenses and write-downs related to foreclosed real estate) as a result of improved credit quality as non-performing assets ("NPAs" (excluding performing troubled debt restructured loans) fell to 1.75% of total assets at December 31, 2014 from 2.80% at December 31, 2013.
SBB: 45.24 (+0.32), SBBX: 15.16 (-0.24)
Bank Stocks' Q2 Earnings to Watch on Aug 1: CCNE, ONB, SBBX
Zacks Equity Research - Zacks Investment Research - Fri Jul 29, 7:07AM CDT
The overall picture looks reassuring for the banks, as most of the banks that have reported second-quarter results so far beat earnings expectations.
ONB: 13.05 (-0.11), SBBX: 15.16 (-0.24), CCNE: 18.55 (+0.10)
Sussex Bancorp Reports Strong EPS Driven by Loan and Deposit Growth for the Second Quarter
GlobeNewswire - Wed Jul 27, 5:51PM CDT
Sussex Bancorp (the "Company"
(Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank", today announced a 26.3% increase in net income per diluted common share to $0.24 for the quarter ended June 30, 2016 as compared to $0.19 for the same period last year. Also, the Company announced a 45.0% increase in net income per diluted common share to $0.58 for the six months ended June 30, 2016 as compared to $0.40 for the same period last year. For the quarter ended June 30, 2016, the Company reported net income of $1.1 million, as compared to net income of $884 thousand for the same period last year. The improvement for the second quarter of 2016 as compared to the same period last year was mostly driven by a 17.3% increase in net interest income on a fully tax equivalent basis as a result of strong growth in average loans and deposits, which increased $132.1 million, or 27.8%, and $73.8 million, or 18.3%, respectively. SBB: 45.24 (+0.32), SBBX: 15.16 (-0.24)
Sussex Bancorp Declares Quarterly Cash Dividend
GlobeNewswire - Wed Apr 27, 3:45PM CDT
Sussex Bancorp (Nasdaq:SBBX), the holding company for Sussex Bank, today announced that its Board of Directors declared a quarterly cash dividend of $0.04 per common share, which is payable on May 25, 2016 to common shareholders of record as of the close of business on May 11, 2016.
SBB: 45.24 (+0.32), SBBX: 15.16 (-0.24)
Sussex Bancorp Reports 62% EPS Growth for First Quarter 2016
GlobeNewswire - Tue Apr 26, 4:31PM CDT
Sussex Bancorp (the "Company"
(Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank", today announced a 61.9% increase in net income per diluted common share to $0.34 for the quarter ended March 31, 2016 as compared to $0.21 for the same period last year. For the quarter ended March 31, 2016, the Company reported net income of $1.6 million as compared to net income of $952 thousand for the same period last year. The improvement for the first quarter of 2016 as compared to the same period last year was driven by a 17.6% increase in net interest income as a result of strong growth in average loans and deposits, which increased $89.0 million, or 18.9%, and $86.2 million, or 18.5%, respectively, and a $435 thousand, or 108.9%, increase in income before taxes from our insurance agency, Tri-State Insurance Agency. For the first quarter of the 2016, return on average assets and equity were 0.90% and 11.4%, respectively, as compared to the same period last year of 0.64% and 7.3%, respectively. SBB: 45.24 (+0.32), SBBX: 15.16 (-0.24)
The Zacks Analyst Blog Highlights: Northrim Bancorp, First Bank, Sussex Bancorp, First Bancorp and First NBC Bank Holding
Zacks Equity Research - Zacks Investment Research - Tue Apr 12, 8:30AM CDT
The Zacks Analyst Blog Highlights: Northrim Bancorp, First Bank, Sussex Bancorp, First Bancorp and First NBC Bank Holding
FRBA: 7.21 (-0.11), SBBX: 15.16 (-0.24), FBP: 4.54 (-0.05), NRIM: 27.84 (-0.56), FNBC: 18.10 (-0.93)
5 Value Regional Bank Stocks to Buy Now
Swarup Gupta - Zacks Investment Research - Mon Apr 11, 10:39AM CDT
It has been a bad year for bank stocks and it may be the right time to pick up undervalued picks
FRBA: 7.21 (-0.11), FMER: 21.05 (-0.18), MTU: 5.17 (+0.07), NYCB: 14.43 (-0.02), HBAN: 9.38 (-0.12), JPM: 63.80 (-0.17), SBBX: 15.16 (-0.24), AF: 14.62 (-0.05), C: 43.42 (-0.39), FBP: 4.54 (-0.05), BAC: 14.33 (-0.16), NRIM: 27.84 (-0.56), FNBC: 18.10 (-0.93), MS: 28.50 (-0.23)
Sussex Bancorp Announces a 42% Increase in EPS Driven by Loan and Deposit Growth for Fiscal 2015 and Declares Quarterly Cash Dividend
GlobeNewswire - Thu Jan 28, 4:00PM CST
Sussex Bancorp (the "Company"
(Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank", today announced a 42.1% increase in net income per diluted common share to $0.81 for the year ended December 31, 2015 as compared to $0.57 for the same period last year. The improvement for 2015 was driven by an 11.5% increase in net interest income as a result of strong growth in loans and deposits, which increased $71.5 million, or 15.1%, and $59.6 million, or 13.0%, respectively. Additionally, the improvement in net income per diluted common share also benefited from a 58.6% decline in provision for loan losses, which was in part offset by higher non-interest expenses. SBB: 45.24 (+0.32), SBBX: 15.16 (-0.24)
Sussex Bancorp Announces a 62% Increase in EPS for the Third Quarter of 2015 and Declares Quarterly Cash Dividend
GlobeNewswire - Thu Oct 29, 4:00PM CDT
Sussex Bancorp (the "Company"
(Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank", today announced reported net income of $951 thousand, or $0.21 per basic and diluted share, for the quarter ended September 30, 2015, as compared to net income of $592 thousand, or $0.13 per basic and diluted share, for the same period last year. This increase equates to a 61.5% increase in net income per diluted common share for the quarter ended September 30, 2015, as compared to the same period last year. The improvement for the third quarter of 2015 was driven by loan and deposit growth, an increase in pre-tax income generated from our insurance subsidiary and a decline in credit quality costs (provision for loan losses, loan collection costs and expenses and write-downs related to foreclosed real estate). For the first nine months ended September 30, 2015, the Company reported net income of $2.8 million, or $0.61 per basic and diluted share, an increase of over 48% as compared to the same period last year. SBB: 45.24 (+0.32), SBBX: 15.16 (-0.24)
Sussex Bancorp Announces a 46% Increase in EPS for the Second Quarter of 2015 and Declares Quarterly Cash Dividend
GlobeNewswire - Mon Jul 27, 4:00PM CDT
Sussex Bancorp (the "Company"
(Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank", today announced reported net income of $884 thousand, or $0.19 per basic and diluted share, for the quarter ended June 30, 2015, as compared to net income of $607 thousand, or $0.13 per basic and diluted share, for the same period last year. This increase equates to a 46.2% increase in net income per diluted common share for the quarter ended June 30, 2015, as compared to the same period last year. The improvement for the second quarter of 2015 was driven by increased interest income related to loan growth and a 59.7% decline in credit quality costs (provision for loan losses, loan collection costs and expenses and write-downs related to foreclosed real estate) as a result of improved credit quality as non-performing assets ("NPAs" (excluding performing troubled debt restructured loans) fell to 1.45% of total assets at June 30, 2015 from 2.34% at June 30, 2014. SBB: 45.24 (+0.32), SBBX: 15.16 (-0.24)
Sussex Bancorp Announces a 40% Increase in EPS for the First Quarter of 2015 and Declares Quarterly Cash Dividend
GlobeNewswire - Tue Apr 28, 6:27PM CDT
Sussex Bancorp (the "Company"
(Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank", today announced reported net income of $952 thousand, or $0.21 per basic and diluted share, for the quarter ended March 31, 2015, as compared to net income of $678 thousand, or $0.15 per basic and diluted share, for the same period last year. This increase equates to a 40.0% increase in net income per diluted common share for the quarter ended March 31, 2015, as compared to the same period last year. The improvement for 2015 was driven by increased interest income related to loan growth and a 10.2% decline in credit quality costs (provision for loan losses, loan collection costs and expenses and write-downs related to foreclosed real estate) as a result of improved credit quality as non-performing assets ("NPAs" (excluding performing troubled debt restructured loans) fell to 1.57% of total assets at March 31, 2015 from 2.50% at March 31, 2014. SBB: 45.24 (+0.32), SBBX: 15.16 (-0.24)
Nasdaq stocks posting largest volume decreases
AP - Thu Apr 16, 5:03PM CDT
NEW YORK (AP) — A look at the 10 biggest volume decliners on Nasdaq at the close of trading:
BLVD: 9.62 (-0.07), INTG: 24.32 (+0.04), QADB: 17.75 (+0.07), GLBZ: 10.72 (+0.16), QADA: 19.26 (+0.34), TRCB: 11.39 (+0.21), BCBP: 10.65 (+0.08), BYLK: 17.43 (+0.24), KEQU: 20.78 (+0.53), SFST: 26.10 (-0.96), PSBH: 10.25 (-0.05), ALOT: 15.63 (-0.26), SBBX: 15.16 (-0.24), SEV: 9.55 (-0.24), FCAP: 33.68 (+1.18), KTEC: 9.75 (unch)
Sussex Bancorp Reports a 54% Increase in EPS Driven by Commercial Loan Growth and Improved Credit Quality for Fiscal 2014 and Declares Quarterly Cash Dividend
GlobeNewswire - Mon Feb 02, 2:48PM CST
Sussex Bancorp (the "Company"
(Nasdaq:SBBX), the holding company for Sussex Bank (the "Bank", today announced a 54.1% increase in net income per diluted common share for the year ended December 31, 2014 as compared to the same period last year. The improvement for 2014 was driven by strong growth in the commercial loan portfolio, which increased $76.1 million, or 26.9%, and a 49.3% decline in credit quality costs (provision for loan losses, loan collection costs and expenses and write-downs related to foreclosed real estate) as a result of improved credit quality as non-performing assets ("NPAs" (excluding performing troubled debt restructured loans) fell to 1.75% of total assets at December 31, 2014 from 2.80% at December 31, 2013. SBB: 45.24 (+0.32), SBBX: 15.16 (-0.24)
