Monarch Financial (MNRK) Declares $0.09 Quarterly Dividend; 2.8% Yield
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Monarch Financial Reports Record 2nd Quarter and Declares Cash Dividend
July 23, 2015 8:15 AM EDTCHESAPEAKE, Va., July 23, 2015 (GLOBE NEWSWIRE) -- Monarch Financial Holdings, Inc. (Nasdaq: MNRK), the bank holding company for Monarch Bank, reported record second quarter profit and continued strong financial performance. The Board of Directors announced a quarterly common stock cash dividend of $0.09 per common share, payable on August 31, 2015, to shareholders of record on August 7, 2015.
Second quarter 2015 highlights are:
2nd quarter net income of $3,423,829, up 7.5%Return on Equity of 12.28%Net Interest Margin remained strong at 4.28%Diluted earnings per share of $0.32Non-performing assets at 0.23% of total assets$605... More