Regal Bancorp Inc Ma (RGBM) 12.7000 $RGBM
Old Line Bancshares, Inc. Reports $2.2 Million in Net Income Available to Common Stockholders for the Quarter Ended March 31, 2016
GlobeNewswire - Mon Apr 25, 10:59AM CDT
Old Line Bancshares, Inc. ("Company"
(NASDAQ:OLBK), the parent company of Old Line Bank, reports that net income available to common stockholders decreased $603 thousand, or 21.90%, to $2.2 million for the three months ended March 31, 2016, compared to net income of $2.8 million for the three months ended March 31, 2015. Earnings were $0.20 per basic and diluted common share for the three months ended March 31, 2016 and $0.25 per basic and diluted common share for the same period in 2015. The decrease in net income is primarily the result of a $1.9 million increase in non-interest expenses and a $217 thousand increase in the provision for loan losses, offsetting increases of $1.2 million in net interest income and $152 thousand in non-interest income. Net income included $359 thousand in merger-related expenses (or $0.03 per basic and $0.02 per diluted common share) in connection with the Company's acquisition of Regal Bancorp, Inc. ("Regal", the parent company of Regal Bank & Trust ("Regal Bank", in December 2015. Excluding the merger-related expenses, which is a non-GAAP financial measure; earnings were $0.23 per basic and $0.22 per diluted share for the three months ending March 31, 2016.
OLBK: 19.54 (+0.14)
Old Line Bancshares, Inc. Reports an Increase in Asset to $1.5 Billion and an Earnings Increase of 46.82% for the Year Ending December 31, 2015
GlobeNewswire - Wed Jan 27, 2:18PM CST
Old Line Bancshares, Inc. ("Company" (NASDAQ:OLBK), the parent company of Old Line Bank, reports net income available to common stockholders of $2.0 million for the three months ended December 31, 2015, compared to $1.8 million for the three months ended December 31, 2014. Earnings were $0.19 per basic and diluted common share for the three months ended December 31, 2015, compared to $0.17 per basic and $0.16 per diluted common share for the same period in 2014. Net income included $1.4 million in merger-related expenses ($1.2 million net of taxes, or $0.11 per basic and diluted common share) in connection with the Company's previously-announced acquisition of Regal Bancorp, Inc. ("Regal", the parent company of Regal Bank & Trust ("Regal Bank", through the merger of Regal with and into the Company effective December 4, 2015. Excluding the merger related expenses, which is a non-GAAP measure, earnings were $0.30 per basic and diluted share for the three months ending December 31, 2015.
OLBK: 19.54 (+0.14)
Old Line Bancshares Completes Acquisition of Regal Bancorp, Inc.; Combined Total Assets Exceed $1.4 Billion With 23 Branch Network
GlobeNewswire - Fri Dec 04, 5:05PM CST
Old Line Bancshares, Inc. (Nasdaq:OLBK), the parent company of Old Line Bank, today announced the completion of its acquisition of Regal Bancorp, Inc., the parent company of Regal Bank & Trust.
OLBK: 19.54 (+0.14)
Old Line Bancshares, Inc. Increases Quarterly Cash Dividend Twenty Percent
GlobeNewswire - Wed Nov 25, 11:00AM CST
On November 24, 2015, the Board of Directors of Old Line Bancshares, Inc. (Nasdaq:OLBK) declared a fourth quarter cash dividend of $0.06 per common share, a $0.01 (20.0%) increase over the third quarter cash dividend of $0.05 per share. The company will pay the dividend on December 28, 2015 to stockholders of record as of December 11, 2015. "We are pleased that our profitability and capital strength allows us to reward our shareholders with an increased dividend and an increasing stock price. We continue to generate strong growth while also managing expenses resulting in improved earnings per share," said James W. Cornelsen, President and Chief Executive Officer of Old Line Bancshares.
OLBK: 19.54 (+0.14)
Old Line Bancshares, Inc. and Regal Bancorp, Inc. Announce Execution of Merger Agreement
GlobeNewswire - Wed Aug 05, 3:00PM CDT
Old Line Bancshares, Inc. (NASDAQ:OLBK), the parent company of Old Line Bank, and Regal Bancorp, Inc. (PINX:RGBM), the parent company of Regal Bank & Trust, today jointly announced the execution of a definitive merger agreement (the "Merger Agreement" that provides for the acquisition of Regal Bancorp by Old Line Bancshares for approximately $5.6 million, or approximately $12.68 per share of common stock, in cash and stock (the "aggregate consideration", plus approximately $1.0 million in cash to be paid to the holders of Regal Bancorp preferred stock.
OLBK: 19.54 (+0.14)
Acquisition Group Announces Extension of Tender Offer for Any and All Outstanding Shares of Regal Bancorp, Inc.
PR Newswire - Wed Feb 18, 3:30PM CST
The acquisition group of Daniel A. Hirschfeld, Thomas J. Faust and Charles J. Ilardo (the "Acquisition Group", is extending the expiration of its tender offer to acquire the remaining shares of the common stock of Regal Bancorp, Inc., at a purchase price of $2.00 per share, through February 23, 2015 at 12:00 Midnight, Eastern Standard Time. The tender offer, dated January 29, 2015, was previously scheduled to expire on February 18, 2015 at 5:00 P.M., Eastern Standard Time. The approximate number of securities that have been validly tendered to date is 4,133 shares.
Old Line Bancshares, Inc. Reports $2.2 Million in Net Income Available to Common Stockholders for the Quarter Ended March 31, 2016
GlobeNewswire - Mon Apr 25, 10:59AM CDT
Old Line Bancshares, Inc. ("Company"
(NASDAQ:OLBK), the parent company of Old Line Bank, reports that net income available to common stockholders decreased $603 thousand, or 21.90%, to $2.2 million for the three months ended March 31, 2016, compared to net income of $2.8 million for the three months ended March 31, 2015. Earnings were $0.20 per basic and diluted common share for the three months ended March 31, 2016 and $0.25 per basic and diluted common share for the same period in 2015. The decrease in net income is primarily the result of a $1.9 million increase in non-interest expenses and a $217 thousand increase in the provision for loan losses, offsetting increases of $1.2 million in net interest income and $152 thousand in non-interest income. Net income included $359 thousand in merger-related expenses (or $0.03 per basic and $0.02 per diluted common share) in connection with the Company's acquisition of Regal Bancorp, Inc. ("Regal", the parent company of Regal Bank & Trust ("Regal Bank", in December 2015. Excluding the merger-related expenses, which is a non-GAAP financial measure; earnings were $0.23 per basic and $0.22 per diluted share for the three months ending March 31, 2016. OLBK: 19.54 (+0.14)
Old Line Bancshares, Inc. Reports an Increase in Asset to $1.5 Billion and an Earnings Increase of 46.82% for the Year Ending December 31, 2015
GlobeNewswire - Wed Jan 27, 2:18PM CST
Old Line Bancshares, Inc. ("Company"
(NASDAQ:OLBK), the parent company of Old Line Bank, reports net income available to common stockholders of $2.0 million for the three months ended December 31, 2015, compared to $1.8 million for the three months ended December 31, 2014. Earnings were $0.19 per basic and diluted common share for the three months ended December 31, 2015, compared to $0.17 per basic and $0.16 per diluted common share for the same period in 2014. Net income included $1.4 million in merger-related expenses ($1.2 million net of taxes, or $0.11 per basic and diluted common share) in connection with the Company's previously-announced acquisition of Regal Bancorp, Inc. ("Regal", the parent company of Regal Bank & Trust ("Regal Bank", through the merger of Regal with and into the Company effective December 4, 2015. Excluding the merger related expenses, which is a non-GAAP measure, earnings were $0.30 per basic and diluted share for the three months ending December 31, 2015. OLBK: 19.54 (+0.14)
Old Line Bancshares Completes Acquisition of Regal Bancorp, Inc.; Combined Total Assets Exceed $1.4 Billion With 23 Branch Network
GlobeNewswire - Fri Dec 04, 5:05PM CST
Old Line Bancshares, Inc. (Nasdaq:OLBK), the parent company of Old Line Bank, today announced the completion of its acquisition of Regal Bancorp, Inc., the parent company of Regal Bank & Trust.
OLBK: 19.54 (+0.14)
Old Line Bancshares, Inc. Increases Quarterly Cash Dividend Twenty Percent
GlobeNewswire - Wed Nov 25, 11:00AM CST
On November 24, 2015, the Board of Directors of Old Line Bancshares, Inc. (Nasdaq:OLBK) declared a fourth quarter cash dividend of $0.06 per common share, a $0.01 (20.0%) increase over the third quarter cash dividend of $0.05 per share. The company will pay the dividend on December 28, 2015 to stockholders of record as of December 11, 2015. "We are pleased that our profitability and capital strength allows us to reward our shareholders with an increased dividend and an increasing stock price. We continue to generate strong growth while also managing expenses resulting in improved earnings per share," said James W. Cornelsen, President and Chief Executive Officer of Old Line Bancshares.
OLBK: 19.54 (+0.14)
Old Line Bancshares, Inc. and Regal Bancorp, Inc. Announce Execution of Merger Agreement
GlobeNewswire - Wed Aug 05, 3:00PM CDT
Old Line Bancshares, Inc. (NASDAQ:OLBK), the parent company of Old Line Bank, and Regal Bancorp, Inc. (PINX:RGBM), the parent company of Regal Bank & Trust, today jointly announced the execution of a definitive merger agreement (the "Merger Agreement"
that provides for the acquisition of Regal Bancorp by Old Line Bancshares for approximately $5.6 million, or approximately $12.68 per share of common stock, in cash and stock (the "aggregate consideration", plus approximately $1.0 million in cash to be paid to the holders of Regal Bancorp preferred stock. OLBK: 19.54 (+0.14)
Acquisition Group Announces Extension of Tender Offer for Any and All Outstanding Shares of Regal Bancorp, Inc.
PR Newswire - Wed Feb 18, 3:30PM CST
The acquisition group of Daniel A. Hirschfeld, Thomas J. Faust and Charles J. Ilardo (the "Acquisition Group"
, is extending the expiration of its tender offer to acquire the remaining shares of the common stock of Regal Bancorp, Inc., at a purchase price of $2.00 per share, through February 23, 2015 at 12:00 Midnight, Eastern Standard Time. The tender offer, dated January 29, 2015, was previously scheduled to expire on February 18, 2015 at 5:00 P.M., Eastern Standard Time. The approximate number of securities that have been validly tendered to date is 4,133 shares. 
