Monarch Financial Holdings (MNRK) Tops Q1 EPS by 1c
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Monarch Financial Reports Financial Performance and Declares Cash Dividend
July 24, 2014 7:30 AM EDTCHESAPEAKE, Va., July 24, 2014 (GLOBE NEWSWIRE) -- Monarch Financial Holdings, Inc. (Nasdaq: MNRK), the bank holding company for Monarch Bank, reported second quarter profitability and continued strong financial performance. The Board of Directors announced a quarterly common stock cash dividend of $0.08 per common share, payable on August 29, 2014, to shareholders of record on August 8, 2014.
Second quarter 2014 highlights are:
2nd quarter net income of $3,183,574 Return on Equity of 12.63% Return on Assets of 1.29% Diluted earnings per share of $0.30 Equity Capital exceeds $100 million for first time Non-performing assets at 0.36% of total... More