old line bancshares inc (OLBK) Key Developments
Old Line Bancshares Inc.(NasdaqCM:OLBK) dropped from Russell 2000 Index
Jun 29 15
Old Line Bancshares Inc. will be removed from Russell 2000 Index
Old Line Bancshares Inc.(NasdaqCM:OLBK) dropped from Russell 3000 Index
Jun 29 15
Old Line Bancshares Inc. will be removed from Russell 3000 Index.
Old Line Bancshares, Inc. Declares Dividend, Payable on June 26, 2015
May 28 15
On May 27, 2015, the Board of Directors of Old Line Bancshares Inc. declared a dividend payment of $0.05 per common share to stockholders of record on June 12, 2015 with a payment date of June 26, 2015.
Old Line Bancshares Inc., Annual General Meeting, May 27, 2015
Apr 21 15
Old Line Bancshares Inc., Annual General Meeting, May 27, 2015., at 17:00 US Eastern Standard Time. Location: Old Line Bancshares, Inc.’s office. Agenda: To elect five directors to serve for a three-year term ending at the Annual Meeting of Stockholders to be held in 2018, and until their successors are duly elected and qualified; to ratify the appointment of Dixon Hughes Goodman LLP as independent public accountants to audit the financial statements of Old Line Bancshares, Inc. for 2015; to vote on a non-binding advisory proposal to approve the compensation of named executive officers; and to consider and act upon any other matter that may properly come before the meeting or any adjournment or postponement thereof.
Old Line Bancshares Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
Apr 15 15
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.