Sun Bancorp (SNBC) Declares $0.01 Quarterly Dividend; 0.2% Yield

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Go back to Sun Bancorp (SNBC) Declares $0.01 Quarterly Dividend; 0.2% Yield

Sun Bancorp, Inc. Announces Second Quarter Net Income of $1.5 Million, or $0.08 per Diluted Share; Board of Directors Declares Quarterly Dividend of $0.01

July 26, 2017 8:45 AM EDT

MOUNT LAUREL, N.J., July 26, 2017 /PRNewswire/ --

Second Quarter Highlights:

On June 30, 2017, Sun Bancorp, Inc. announced an agreement to be acquired by OceanFirst Financial Corp. in a stock and cash merger with an aggregate value of approximately $487 million at the time of the announcement. Second quarter 2017 net income of $1.5 million, or $0.08 per diluted share, compared to net income of $1.4 million, or $0.07 per diluted share, in first quarter of 2017. The Company completed the previously announced redemptions of $15 million and $25... More