Valley Financial Corporation (VYFC) Declares $0.04 Quarterly Dividend; 1.3% Yield

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Go back to Valley Financial Corporation (VYFC) Declares $0.04 Quarterly Dividend; 1.3% Yield

Valley Financial Corporation Reports Second Quarter 2014 Financial Results Including a 9% Annualized Loan Growth Rate and a 12% Annualized Deposit Growth Rate; Declares Quarterly Cash Dividend

August 1, 2014 8:30 AM EDT

ROANOKE, Va., Aug. 1, 2014 (GLOBE NEWSWIRE) -- Valley Financial Corporation (Nasdaq: VYFC) announced today its consolidated financial results for the second quarter of 2014 and reported net income available to common shareholders for the three months ended June 30, 2014 of $1,744,000, a 1% increase as compared to $1,730,000 for the prior year's second quarter. Diluted earnings per share increased 3% to $0.36 as compared to $0.35 for the second quarter of 2013. The Company's earnings for the three months ended June 30, 2014 produced an annualized return on average total assets of 0.81% and an annualized return on average shareholders' equity of 12.43% as compared to 0.97% and 12.13%,... More