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Last $12.42 USD
Change Today -0.05 / -0.40%
Volume 282.2K
BNCL On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

beneficial bancorp inc (BNCL) Key Developments

Beneficial Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Beneficial Bancorp, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total interest income of $35,962,000 against $34,786,000 a year ago. Net interest income was $31,224,000 against $29,217,000 a year ago. Income before income taxes was $10,003,000 against $6,078,000 a year ago. Net income was $7,055,000 against $4,576,000 a year ago. Earnings per share basic and diluted were $0.09 against $0.06 per share a year ago. Return on average assets was 0.60%. Return on average equity was 2.59%. For the six months, the company reported total interest income of $70,905,000 against $69,890,000 a year ago. Net interest income was $61,356,000 against $58,747,000 a year ago. Income before income taxes was $17,260,000 against $8,485,000 a year ago. Net income was $12,306,000 against $7,048,000 a year ago. Earnings per share basic and diluted were $0.16 against $0.09 per share a year ago. Return on average assets was 0.53% against 0.32% a year ago. Return on average equity was 2.45% against 2.35% a year ago. Tangible book value per share totaled $11.77 at June 30, 2015.

Beneficial Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Beneficial Bancorp, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s total interest income was USD 34,943,000 against USD 35,104,000 a year ago. Net interest income was USD 30,133,000 against USD 29,530,000 a year ago. Income before income taxes was USD 7,257,000 against USD 2,407,000 a year ago. Net income was USD 5,251,000 or USD 0.07 per basic and diluted share against USD 2,472,000 or USD 0.03 per basic and diluted share a year ago. Return on average assets was 0.45% against 0.23% a year ago. Return on average equity was 2.30% against 1.70% a year ago. Net interest income after provision for loan losses was USD 32,133,000 against USD 28,030,000 a year ago. Tangible book value per share was USD 11.69 at March 31, 2015. The increase in net interest income was primarily the result of an increase in the average balance of loans and investments, which offset the decline in yields, as well as a reduction in the average cost of liabilities due primarily to reductions in higher-cost time deposits and borrowings.

Beneficial Bancorp, Inc., Annual General Meeting, May 21, 2015

Beneficial Bancorp, Inc., Annual General Meeting, May 21, 2015., at 08:30 Eastern Daylight. Location: Beneficial Bank Place. Agenda: To consider the election as director, the nominee listed for a three-year term; to consider the ratification of the appointment of KPMG LLP as the independent registered public accounting firm of the company for the fiscal year ending December 31, 2015; to consider the approval of a non-binding resolution to approve the compensation of the company's named executive officers; and to consider the such other business as may properly come before the meeting or any adjournment thereof.

Beneficial Bank and Beneficial Bancorp, Inc. Announce Executive Changes

Beneficial Bancorp, Inc. (the "Company"), the parent company of Beneficial Bank (the "Bank") announced that James Gould, Executive Vice President and Chief Lending Officer of the Bank, has advised the company and the Bank that he will be retiring effective March 31, 2015. Effective April 1, 2015, Martin Gallagher, Executive Vice President and Chief Credit Officer will assume the position of Chief Lending Officer of the Bank. Mr. Gallagher joined the Bank's commercial banking group in June 2011 and was named Executive Vice President and Chief Credit Officer in January 2012.

Beneficial Mutual Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2014

Beneficial Mutual Bancorp Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net income of $4,462,000 or $0.06 per basic and diluted share compared to net income of $2,958,000 or $0.04 per basic and diluted share a year ago. The company reported net interest income of $29,246,000 against $30,152,000 a year ago. The company reported income before income taxes of $6,126,000 compared to $4,018,000 a year ago. Return on average assets was 0.39% compared to 0.25% reported a year ago. Return on average equity was 2.83% compared to 1.86% reported a year ago. Tangible common equity was 10.44% against 10.89% a year ago. Net interest income after provision for loan losses was $29,246,000 against $28,652,000 a year ago. For the full year, the company reported net income of $18,033,000 or $0.24 per diluted share compared to net income of $12,578,000 or $0.17 per basic and diluted share a year ago. The company reported net interest income of $117,424,000 against $123,736,000 a year ago. The company reported income before income taxes of $23,756,000 compared to income before income taxes of $15,173,000 a year ago. Return on average assets was 0.40% compared to 0.26% reported a year ago. Return on average equity was 2.94% compared to 2.01% reported a year ago. Tangible common equity was 10.44% against 10.89% a year ago. Net interest income after provision for loan losses was $117,224,000 against $110,736,000 a year ago. For the fourth quarter ended December 31, 2014, net charge-offs decreased $1.6 million, or 60.9% to $1.1 million during the quarter compared to $2.7 million for the quarter and year ended December 31, 2013.

 

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BNCL

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Valuation BNCL Industry Range
Price/Earnings 42.6x
Price/Sales 6.5x
Price/Book 0.9x
Price/Cash Flow 44.2x
TEV/Sales 3.7x
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