Edition:
United States

Paragon Commercial Corp (PBNC.OQ)

PBNC.OQ on NASDAQ Stock Exchange Capital Market

56.25USD
15 Dec 2017
Change (% chg)

-- (--)
Prev Close
$56.25
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
6,084
52-wk High
$59.95
52-wk Low
$42.28

Latest Key Developments (Source: Significant Developments)

PARAGON COMMERCIAL REPORTS Q3 EARNINGS PER SHARE $0.77
Friday, 27 Oct 2017 12:54pm EDT 

Oct 27 (Reuters) - Paragon Commercial Corp ::Q3 EARNINGS PER SHARE $0.77.‍NET INTEREST INCOME OF $13.8 MILLION FOR Q3 OF 2017, AN INCREASE OF 17.6% OVER SAME PERIOD IN PRIOR YEAR​.  Full Article

TowneBank to buy Paragon Commercial Corp and Paragon Commercial Bank
Thursday, 27 Apr 2017 08:00am EDT 

April 27 (Reuters) - TowneBank ::Towne Bank expands north Carolina presence through the acquisition of Paragon Commercial Corporation and Paragon Commercial Bank.Towne Bank - shareholders of paragon to get fixed exchange ratio of 1.7250 shares of townebank common stock for each outstanding share of paragon stock.Towne Bank - exchange ratio implies deal value per share of $59.25 or about $323.7 million based on Townebank's closing stock price of $34.35 on April 26.Towne Bank - Robert C. Hatley, president and CEO of Paragon, will continue in his current role as president and CEO of Paragon division.Towne Bank - Hatley and Paragon board chairman, Howard Jung, will join Townebank corporate board.Towne Bank - acquisition of Paragon is expected to be immediately accretive to Townebank's earnings in 2018 and also thereafter.Towne Bank - transaction is expected to be nominally dilutive, less than 1%, to Townebank's tangible book value at closing.Towne Bank - plans to operate in Raleigh, Charlotte, and Cary markets as Paragon Bank, a division of Townebank.Towne Bank - based on data as of March 31, combined co would have total assets of $9.7 billion, total loans of $7.1 billion, total deposits of $7.5 billion.  Full Article

Paragon Commercial Corp reports Q2 earnings per share $0.75
Wednesday, 20 Jul 2016 07:30am EDT 

Paragon Commercial Corp : Paragon Commercial Corporation reports 31% increase in earnings for the second quarter of 2016 . Net interest income increased by $1.1 million during Q2 of 2016 compared to Q2 of 2015 .Q2 earnings per share $0.75.  Full Article

BRIEF-PARAGON COMMERCIAL REPORTS Q3 EARNINGS PER SHARE $0.77

* ‍NET INTEREST INCOME OF $13.8 MILLION FOR Q3 OF 2017, AN INCREASE OF 17.6% OVER SAME PERIOD IN PRIOR YEAR​ Source text: (http://bit.ly/2lnrl36) Further company coverage: