Last $15.34 USD
Change Today -0.06 / -0.39%
Volume 7.6K
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

new hampshire thrift bancshs (NHTB) Key Developments

New Hampshire Thrift Bancshares Inc. Reports Unaudited Consolidated Earnings for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2014

New Hampshire Thrift Bancshares Inc. reported unaudited consolidated earnings for the fourth quarter and full year ended December 31, 2014. For the quarter, the company’s net income was $2.9 million, or $0.34 per diluted common share, compared to $1,995,000 or $0.24 per diluted share, for the same period a year ago. Income before provision for income taxes was $3,213,000 compared to $2,895,000 a year ago. Net income available to common stockholders was $2,795,000 compared to $1,937,000 a year ago. Net interest and dividend income for the quarter decreased $227,000 or 2.14%, compared to the third quarter of 2014. Return on average common equity of 9.16% and return on average assets of 0.75%. For the full year, the company’s net income was $10.0 million, or $1.19 per diluted common share, compared to $8.4 million, or $1.11 per diluted share, for the year ended December 31, 2013. Income before provision for income taxes was $13,604,000 compared to $11,541,000 a year ago. Net income available to common stockholders was $9,810,000 compared to $8,098,000 a year ago. Book value per common share increased 3.90% to $15.97 as of December 31, 2014. Return on average common equity of 8.07% and return on average assets of 0.68%. Net interest and dividend income increased 24.18% to $41.9 million for the year ended December 31, 2014 compared to the year ended December 31, 2013, which included an increase of 20.98% in interest and dividend income. For the quarter, the company reported net loan charge-offs of $427,000 or 0.14% (annualized), of average loans for the fourth quarter of 2014.

New Hampshire Thrift Bancshares Inc. Seeks Acquisitions

Unless otherwise indicated in any applicable prospectus supplement or free writing prospectus, New Hampshire Thrift Bancshares Inc. (NasdaqGM:NHTB) expects to use the net proceeds from the sale of securities offered by this prospectus for general corporate purposes and working capital requirements, including expansion of the business, investments in our subsidiary bank as regulatory capital to fund growth, financing of possible acquisitions, refinancing, reduction or repayment of debt and investments at the holding company level.

New Hampshire Thrift Bancshares, Inc. Declares Quarterly Dividend Payable January 30, 2015

New Hampshire Thrift Bancshares Inc. has declared a regular quarterly cash dividend of thirteen cents ($0.13) per share payable January 30, 2015, to stockholders of record as of January 23, 2015. In addition, the Board of Directors has set May 14, 2015, as the date of the 2015 Annual Meeting of Stockholders.

New Hampshire Thrift Bancshares Announces Amendment to its Bylaws

On December 11, 2014, the board of New Hampshire Thrift Bancshares Inc. amended Article III, Section 16 of the company's bylaws to increase the age limitation for directors to be elected, reelected, appointed or reappointed as a member of the board to 80 years of age from 75 years of age. The amendment also provides that the age limitation in the bylaws does not apply to an advisory director or director emeritus.

New Hampshire Thrift Bancshares, Inc. Announces Private Placement of $17.0 Million Subordinated Notes Due on November 1, 2024

New Hampshire Thrift Bancshares Inc. announced that it has placed $17.0 million in subordinated notes with certain accredited investors. The subordinated notes, which are intended to qualify as Tier 2 Capital for regulatory purposes, may be redeemed at par, on or after November 1, 2019, and are due on November 1, 2024. The notes pay interest at a fixed rate of 6.75% per annum.

 

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Valuation NHTB Industry Range
Price/Earnings 12.9x
Price/Sales 2.1x
Price/Book 0.9x
Price/Cash Flow 12.6x
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