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Last $15.18 USD
Change Today -0.18 / -1.17%
Volume 26.5K
OLBK On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

old line bancshares inc (OLBK) Key Developments

Old Line Bancshares Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Old Line Bancshares Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income available to common stockholders increased $918,396, or 50.03% to $2.8 million compared to net income of $1.8 million for the three months ended March 31, 2014. Earnings were $0.25 per basic and diluted common share and $0.17 per basic and diluted common share for the same period in 2014. The increase in net income is primarily the result of a $1.1 million increase in net interest income, a $440,000 increase in non-interest income and a $285,000 decrease in non-interest expenses, offsetting an increase of $292,000 in the provision for loan losses. Net income increased 50.03% to $2.8 million, or $0.25 per basic and diluted share, compared to net income of $1.8 million, or $0.17 per basic and diluted share, for the first quarter of 2014. Return on Average Assets (ROAA) and Return on Average Equity (ROAE) were 0.89% and 8.27%, respectively, compared to ROAA and ROAE of 0.64% and 5.95%, respectively, for the first quarter of 2014. The first quarter of 2015 ended with a book value of $12.77 per common share and a tangible book value of $11.65 per common share compared to $12.51 and $11.38, respectively, at December 31, 2014. Income before income taxes was $4,040,468 compared to $2,505,105 a year ago.

Old Line Bancshares Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Old Line Bancshares Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, total interest income was $11,496,331 against $12,579,684 a year ago. Net interest income was $10,577,401 against $11,534,123 a year ago. Net interest income after provision for loan losses was $10,119,287 against $11,019,933 a year ago. Income before income taxes was $2,461,793 against $6,759,628 a year ago. Net income of $1.8 million available to common stockholders compared to $4.4 million for the three months ended December 31, 2013. Earnings were $0.17 per basic and $0.16 per diluted common share compared to $0.41 per basic and diluted common share for the same period in 2013. Return on Average Assets (ROAA) and Return on Average Equity (ROAE) were 0.58% and 5.21%, respectively, compared to ROAA and ROAE of 1.50% and 13.62%, respectively, for the three months ending December 31, 2013. For the full year, the company reported total interest income was $45,603,246 against $44,262,838 a year ago. Net interest income was $41,703,523 against $40,060,585 a year ago. Net interest income after provision for loan losses was $38,876,226 against $38,556,395 a year ago. Income before income taxes was $9,786,815 against $11,349,288 a year ago. Net income available to common stockholders was $7,130,300 or $0.65 per diluted share against $7,838,829 or $0.86 per diluted share a year ago. ROAA and ROAE were 0.60% and 5.45%, respectively, compared to ROAA and ROAE of 0.74% and 7.80%, respectively, for the twelve months ended December 31, 2013. The company ended the 2014 with a book value of $12.51 per common share and a tangible book value of $11.38 per common share compared to $11.71 and $10.50, respectively, at December 31, 2013. Net income was $7,092,711 compared to $7,747,205 a year ago.

Old Line Bancshares Inc. Presents at Sterne Agee Financial Institutions Investor Conference 2015, Feb-11-2015

Old Line Bancshares Inc. Presents at Sterne Agee Financial Institutions Investor Conference 2015, Feb-11-2015 . Venue: Boca Raton Resort & Club, 501 East Camino Real, Boca Raton, FL 33432, United States.

Old Line Bancshares Inc. Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014

Old Line Bancshares Inc. Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014 . Venue: Naples, Florida, United States.

Old Line Bancshares Inc. Plans to Close Four Branches in December 2014

Old Line Bancshares Inc. announced plans to realign branch offices within the footprint, which includes the closing and consolidation of four branches. The branches to be closed are Crofton Centre, Lexington Park, Solomons and Waldorf Charles County Plaza. All of these branches have existing Old Line Bank branches within close proximity. The closing of the branches, which is scheduled for December 2014, will result in an estimated pre-tax cost savings of approximately $1.6 million in 2015.

 

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OLBK Competitors

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Industry Analysis

OLBK

Industry Average

Valuation OLBK Industry Range
Price/Earnings 20.8x
Price/Sales 3.6x
Price/Book 1.2x
Price/Cash Flow 20.5x
TEV/Sales 1.1x
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