Sun Bancorp (SNBC) Declares $0.01 Quarterly Dividend; 0.2% Yield
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Sun Bancorp, Inc. Announces First Quarter Net Income of $1.4 Million, or $0.07 per Diluted Share; Board of Directors Declares Quarterly Dividend of $0.01
April 27, 2017 8:45 AM EDTMOUNT LAUREL, N.J., April 27, 2017 /PRNewswire/ --Â Â
First Quarter Highlights:
Quarterly net income of $1.4 million, or $0.07 per diluted share, compared to $826 thousand, or $0.04 per diluted share, in the prior year quarter; pre-tax earnings of $2.1 million compared to $1.1 million in the prior year quarter. Ongoing expense control with quarterly operating expenses of $16.1 million in the first quarter as compared to $16.5 million in the prior year quarter. Average commercial loans grew 10% annualized in the first quarter and 10% since March 31, 2016. No provision for loan losses in the first quarter as asset... More