VSB Bancorp, Inc. Announces Annual Meeting Results
PR Newswire - Wed Apr 27, 4:26PM CDT
VSB Bancorp, Inc. (OTCQX: VSBN), the holding company for Victory State Bank, announced today the results of its Annual Meeting held on April 26, 2016.
OTC Markets Group Announces Quarterly Index Performance and Rebalancing
PR Newswire - Mon Apr 18, 6:00AM CDT
OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced the first quarter 2016 performance and quarterly rebalancing of the OTCQX® indexes, the OTCQB® Venture Index, the OTCM QX ADR Index ("OTCQX30"
NNDM: 7.00 (+0.10)
VSB Bancorp, Inc. First Quarter 2016 Results of Operations
Marketwired - Wed Apr 13, 3:15PM CDT
VSB Bancorp, Inc. (OTCQX: VSBN) reported net income of $549,396 for the first quarter of 2016, an increase of $298,051, or 118.6%, from the first quarter of 2015. The following unaudited figures were released today. Pre-tax income was $845,262 in the first quarter of 2016, compared to $433,139 for the first quarter of 2015. Net income for the quarter was $549,396, or basic income of $0.32 per common share, compared to a net income of $251,345, or $0.14 basic income per common share, for the quarter ended March 31, 2015. Return on average assets increased from 0.37% in the first quarter of 2015 to 0.67% in the first quarter of 2016, while return on average equity increased from 3.64% to 7.25%.
VSB Bancorp, Inc. Announces 17% Increase In Cash Dividend
PR Newswire - Mon Mar 14, 9:27AM CDT
VSB Bancorp, Inc. (OTCQX: VSBN), the holding company for Victory State Bank, announced today that its Board of Directors has declared a quarterly cash dividend of $0.07 per share payable on April 1, 2016 to stockholders of record on March 18, 2016. Joseph J. LiBassi, Chairman of the Board of Directors, stated, "We are pleased to announce our thirty-fourth consecutive cash dividend. We have increased our cash dividend by $.01 per share, a 17% increase from our previous cash dividend rate. This is another component of our strategy to provide increased value to our stockholders."
VSB Bancorp, Inc. Fourth Quarter and Full Year 2015 Results of Operations
Marketwired - Thu Jan 14, 3:15PM CST
VSB Bancorp, Inc. (OTCQX: VSBN) reported net income of $581,651 for the fourth quarter of 2015, or basic income of $0.34 per common share, an increase of $396,734, or 214.6%, from net income of $184,917, or $0.10 basic income per common share, for the fourth quarter of 2014. Net income for the year ended December 31, 2015 was $1,630,703 or basic net income of $0.93 per common share, as compared to a net income of $1,272,494, or basic net income of $0.72 per common share, for 2014. The following unaudited figures were released today. Pre-tax income was $895,129 in the fourth quarter of 2015, an increase of $357,740, or 66.6%, compared to $537,389 for the fourth quarter of 2014. For all of 2015, pre-tax income increased to $2,783,614 from $2,515,145 for 2014, a rise of $268,469, or 10.7%. Return on average assets increased from 0.20% in the fourth quarter of 2014 to 0.65% in the fourth quarter of 2015, while return on average equity increased from 2.11% to 7.18%. Return on average assets increased from 0.43% in 2014 to 0.54% in 2015, while return on average equity increased from 4.51% to 5.68%.
VSB Bancorp declares cash dividend
M2 - Tue Dec 29, 5:37AM CST
Board of directors of VSB Bancorp, Inc. (OTCQX: VSBN) has declared a quarterly cash dividend of USD0.06 per share payable on January 4, 2016 to stockholders of record on December 18, 2015. Joseph J. LiBassi, chairman of the board of directors, stated, "We are pleased to announce our thirty-third consecutive cash dividend. We have been shifting the asset mix of our balance sheet to increase earnings and to help deliver more value to our stockholders." VSB Bancorp, Inc. is the one-bank holding company for Victory State Bank. Victory State Bank, a Staten Island-based commercial bank, commenced operations on November 17, 1997 with initial capitalization of USD7.0 million primarily raised in the Staten Island community. The bancorp's total equity stood at USD28.6 million by September 30, 2015.
VSB Bancorp declares dividend of USD0.06 per share for quarter
M2 - Mon Dec 21, 5:18AM CST
The board of directors of VSB Bancorp Inc (OTCQX:VSBN) approved a quarterly cash dividend of USD0.06 per share, the company revealed on Friday.
VSB Bancorp, Inc. Announces Cash Dividend
PR Newswire - Fri Dec 18, 3:30PM CST
VSB Bancorp, Inc. (OTCQX: VSBN), the holding company for Victory State Bank, announced today that its Board of Directors has declared a quarterly cash dividend of $0.06 per share payable on January 4, 2016 to stockholders of record on December 18, 2015. Joseph J. LiBassi, Chairman of the Board of Directors, stated, "We are pleased to announce our thirty-third consecutive cash dividend. We have been shifting the asset mix of our balance sheet to increase earnings and to help deliver more value to our stockholders."
VSB Bancorp, Inc. Third Quarter 2015 Results of Operations
Marketwired - Wed Oct 14, 8:30AM CDT
VSB Bancorp, Inc. (OTCQX: VSBN) reported net income of $502,422 for the third quarter of 2015, a decrease of $43,895 from the third quarter of 2014. The following unaudited figures were released today. Pre-tax income was $772,894 in the third quarter of 2015, a decrease of $207,123 or 21.1%, as compared to $980,017 for the third quarter of 2014. Net income for the quarter was $502,422, or basic income of $0.29 per common share, compared to a net income of $546,317, or $0.31 basic income per common share, for the quarter ended September 30, 2014. Return on average assets increased to 0.59% in the third quarter of 2015 as compared to 0.50% in the third quarter of 2014, while return on average equity increased to 6.49% from 5.14%, in the same period.
VSB Bancorp, Inc. Second Quarter 2015 Results of Operations
Marketwired - Wed Jul 15, 8:30AM CDT
VSB Bancorp, Inc. (OTCQX: VSBN) reported net income of $295,285 for the second quarter of 2015, relatively stable from the second quarter of 2014. The following unaudited figures were released today. Pre-tax income was $682,452 in the second quarter of 2015, an increase of $135,809 or 24.8%, as compared to $546,643 for the second quarter of 2014. Net income for the quarter was $295,285, or basic income of $0.17 per common share, compared to a net income of $296,535, or $0.17 basic income per common share, for the quarter ended June 30, 2014. Return on average assets remained at 0.41% in the second quarter of 2014 and in the second quarter of 2015, while return on average equity decreased slightly from 4.21% to 4.19%.
OTC Markets Group Welcomes VSB Bancorp to OTCQX®
PR Newswire - Mon Feb 09, 6:00AM CST
OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced VSB Bancorp, Inc. (OTCQX: VSBN), holding company for Victory State Bank based in Staten Island, NY, has qualified to trade on OTCQX®, the best marketplace.