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Sun Bancorp Inc (SNBC.O)

SNBC.O on Nasdaq

23.50USD
27 Mar 2017
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$0.00 (+0.00%)
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Latest Key Developments (Source: Significant Developments)

Sun Bancorp Inc announces resignation of Wilbur L. Ross, Jr. from company and bank boards
Thursday, 2 Mar 2017 08:45am EST 

Sun Bancorp Inc : Sun Bancorp Inc announces resignation of Wilbur L. Ross, Jr. from company and bank boards . Says director Wilbur L. Ross, Jr., has submitted his resignation from boards of company and bank, effective February 28, 2017 . Sun Bancorp Inc says as a result of Wilbur L. Ross, Jr resignation, size of boards will be decreased by one to ten members .Sun Bancorp Inc says WLR SBI Acquisition Co LLC informed co that it anticipates exercising right to nominate replacement director in immediate future.  Full Article

Sun Bancorp Q4 EPS $0.12 excluding items
Tuesday, 31 Jan 2017 07:45am EST 

Sun Bancorp Inc : Q4 earnings per share $0.12 excluding items . Q4 earnings per share $2.94 . Sun bancorp inc says during q4, average commercial loans grew by 8% annualized while average deposits grew by 4% annualized . Sun Bancorp Inc - net interest income was $14.8 million for quarter ended december 31, 2016, compared to $14.7 million for quarter ended september 30, 2016 . Sun Bancorp Inc- there was no provision for loan losses during quarters ended december 31, 2016 and september 30, 2016 . Sun Bancorp - as a result of reversal, company will begin recording federal and state tax expense on its earnings beginning in q1 of 2017 . Sun Bancorp Inc says at december 31, 2016, bank's tier 1 common equity risk-based capital ratio was 18.9 percent .Sun Bancorp - any change in federal corporate tax rate could significantly impact amount of deferred tax asset company may recognize.  Full Article

Sun Bancorp reports Q2 earnings per share $0.16
Tuesday, 26 Jul 2016 09:00am EDT 

Sun Bancorp, Inc. : Announces second quarter earnings: net income of $3.0 million, or $0.16 per diluted share; declares quarterly common cash dividend of $0.01-first in company's history . Q2 earnings per share $0.16 . Net interest income was $14.9 million for quarter ended June 30, 2016, compared to $14.5 million for quarter ended March 31, 2016 ."In second half of 2016, we expect to experience additional savings from expiring leases, anticipated reductions in insurance premiums".  Full Article

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BRIEF-Sun Bancorp Inc announces resignation of Wilbur L. Ross, Jr. from company and bank boards

* Sun Bancorp Inc announces resignation of Wilbur L. Ross, Jr. from company and bank boards