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Last $12.07 USD
Change Today 0.00 / 0.00%
Volume 0.0
JAXB On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

jacksonville bancorp inc fl (JAXB) Key Developments

Jacksonville Bancorp, Inc. Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015; Announces Net Charge-Offs for the First Quarter Ended March 31, 2015

Jacksonville Bancorp, Inc. reported unaudited consolidated financial results for the first quarter ended March 31, 2015. The company announced net income for the three months ended March 31, 2015 of $914,000 compared to net income of $26,000 for the three months ended March 31, 2014. Book value and tangible book value per common share as of March 31, 2015 were $6.61 and $6.52, respectively. Total interest income remained relatively flat at $5.1 million for the three months ended March 31, 2015 and 2014. On a per common share basis, the company had earnings per share of $0.16 on diluted basis for the three months ended March 31, 2015, compared to earnings per share of $0.00 on diluted basis for the same period in the prior year. The company announced that the first quarter results are reflective of executing the loan and deposit growth strategies, as well as the ongoing improvement in asset quality and the benefits reaped from 2014 re-engineering initiatives. Net interest income was $4,332,000 against $4,266,000 for the same period of last year. Income before income tax was $928,000 against $26,000 for the same period of last year. Return on average assets was 0.76% against 0.02% for the same period of last year. Return on average equity was 9.88% against 0.31% for the same period of last year. The Company recorded net charge-offs of $6,000 for the three months ended March 31, 2015, compared to $0.7 million for the three months ended March 31, 2014.

Jacksonville Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Jacksonville Bancorp, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net interest income of $4,441,000 against $4,221,000 a year ago. Total interest income was $5,226,000 against $5,169,000 a year ago. Income before income taxes was $568,000 against loss before income taxes of $1,335,000 a year ago. Net income was $588,000 or $0.10 per basic and diluted share against net loss of $1,335,000 or $0.23 per basic and diluted share a year ago. Return on average assets was 0.47% against negative return on average assets of 1.03% a year ago. Return on average equity was 6.37% against negative return on average equity of 14.94% a year ago. For the full year, the company reported net interest income of $17,869,000 against $18,731,000 a year ago. Total interest income was $21,128,000 against $22,933,000 a year ago. Income before income tax was $1,929,000 against loss before income tax of $960,000 a year ago. Net income available to common shareholders was $1,929,000 or $0.33 per basic and diluted share against net loss available to common shareholders of $32,424,000 or $6.83 per basic and diluted share a year ago. Return on average assets was 0.39% against negative return on average assets of 0.18% a year ago. Return on average equity was 5.46% against negative return on average equity of 2.86% a year ago. Book value and tangible book value per common share as of December 31, 2014 were $6.40 and $6.31, respectively.

James M. Healey Resign from Board of Directors of Jacksonville Bancorp and The Jacksonville Bank

On February 24, 2015, James M. Healey delivered to Jacksonville Bancorp, Inc. and its wholly-owned subsidiary, The Jacksonville Bank, notice of his resignation from each of the boards of directors of the company and the Bank, effective immediately. Mr. Healey had served as a director of the company and the Bank since 1999. His resignation was not due to any disagreement with the Company on any matter relating to its operations, policies or practices.

Jacksonville Bancorp, Inc. Declares Cash Dividend for the Fiscal Quarter Ending December 31, 2014 Payable on January 5, 2015

Jacksonville Bancorp, Inc. has declared a cash dividend of USD 0.08 per share on its common stock for the fiscal quarter ending December 31, 2014. The dividend will be payable to stockholders of record as of December 19, 2014, and will be paid on January 5, 2015.

Jacksonville Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended September 30, 2014

Jacksonville Bancorp, Inc. announced unaudited consolidated earnings results for third quarter and nine months ended September 30, 2014. For the quarter, the company reported total interest income of $5,251,000 against $5,605,000 a year ago. Net interest income was $4,461,000 against $4,573,000 a year ago. Income before income tax was $828,000 against $147,000 a year ago. Net income was $808,000 compared to $147,000 a year ago. Basic and diluted earnings per share were $0.14 against $0.03 a year ago. Return on average assets was 0.64% against 0.11% a year ago. Return on average equity was 8.96% against 1.83% a year ago. For the nine months, the company reported total interest income of $15,902,000 against $17,764,000 a year ago. Net interest income was $13,428,000 against $14,510,000 a year ago. Income before income tax was $1,361,000 against $375,000 a year ago. Net income was $1,341,000 compared to $375,000 a year ago. Basic and diluted earnings per share were $0.23 against basic and diluted net loss per share of $7.06 a year ago. Return on average assets was 0.36% against 0.10% a year ago. Return on average equity was 5.14% against 1.53% a year ago.

 

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Valuation JAXB Industry Range
Price/Earnings 24.8x
Price/Sales 3.6x
Price/Book 1.8x
Price/Cash Flow 11.2x
TEV/Sales NM Not Meaningful
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