Sussex Bancorp (SBBX) Declares $0.075 Quarterly Dividend; 1.3% Yield

Go back to Sussex Bancorp (SBBX) Declares $0.075 Quarterly Dividend; 1.3% Yield

SB One Bancorp Reports a 67% Increase in Net Income and Declared a Cash Dividend

October 29, 2018 9:23 AM EDT

ROCKAWAY, N.J., Oct. 29, 2018 (GLOBE NEWSWIRE) -- SB One Bancorp (the Company) (Nasdaq: SBBX), the holding company for SB One Bank (the Bank), today reported net income of $3.3 million, or $0.42 per basic share and $0.41 per diluted share, for the quarter ended September 30, 2018, an increase of 67%, as compared to $2.0 million, or $0.33 per basic and diluted share, for the same period last year.  

The Companys net income, adjusted for tax effected merger-related expenses of $538 thousand, increased $1.8 million, or 89.5%, to $3.8 million, or $0.48 per diluted share, for the quarter ended September 30, 2018,... More