Southwest Bancorp (OKSB) Misses Q1 EPS by 6c

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Go back to Southwest Bancorp (OKSB) Misses Q1 EPS by 6c

Southwest Bancorp, Inc. Reports Results for First Quarter 2016 and Announces Quarterly Dividend

April 20, 2016 7:30 AM EDT

STILLWATER, Okla., April 20, 2016 (GLOBE NEWSWIRE) -- Southwest Bancorp, Inc. (NASDAQ: OKSB), (Southwest), today reported net income for the first quarter of 2016 of $1.9 million, or $0.10 per diluted share, compared to $4.5 million, or $0.24 per diluted share, for the first quarter of 2015.  The decrease in first quarter net income was due to a $4.4 million loan loss provision primarily driven by the impact of low energy prices combined with deterioration in a few general business credits.

Southwest announced that its board of directors has approved a quarterly cash dividend of $0.08 per share payable May 13, 2016 to... More