Suffolk Bancorp and Suffolk County National Bank Appoint Brian K. Finneran to the Board of Directors
Sep 30 15
Suffolk Bancorp, parent company of Suffolk County National Bank (the 'Bank'), announced that the Board of Directors of the company and the Bank, at their regular meetings held on September 30, 2015, appointed EVP & CFO Brian K. Finneran as a Director of the company and the Bank, respectively. Mr. Finneran has served as EVP & CFO of the company and the Bank since February 2012.
Suffolk Bancorp, Board Meeting, Sep 30, 2015
Sep 30 15
Suffolk Bancorp, Board Meeting, Sep 30, 2015. Agenda: To appoint EVP & CFO Brian K. Finneran as a director of the Suffolk Bancorp and Suffolk County National Bank, respectively.
Suffolk Bancorp Announces Quarterly Cash Dividend, Payable on August 26, 2015
Jul 29 15
Suffolk Bancorp announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share on its common stock. The dividend will be payable on August 26, 2015 to shareholders of record as of August 12, 2015. This cash dividend represents a 67% increase from the dividend paid in each of the last four quarters.
Suffolk Bancorp Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Jul 22 15
Suffolk Bancorp announced 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 $18,576,000 against $16,171,000 a year ago. Net interest income was $17,821,000 against $15,542,000 a year ago. Income before income tax expense was $6,697,000 against $4,818,000 a year ago. Net income was $5,118,000 or $0.43 per diluted share against $3,771,000 or $0.32 per diluted share a year ago. Return on average assets and return on average common stockholder’s equity were 1.06% and 10.88%, respectively, in the second quarter of 2015 against 8.55% and 6.71%, respectively a year ago.
For the six months, the company reported total interest income of $35,769,000 against $32,106,000 a year ago. Net interest income was $34,338,000 against $30,340,000 a year ago. Income before income tax expense was $11,947,000 against $9,649,000 a year ago. Net income was $9,127,000 or $0.77 per diluted share against $7,491,000 or $0.64 per diluted share a year ago. Book value per common share as at June 30, 2015 was $16.23 against $15.47 a year ago. Tangible book value per common share as at June 30, 2015 was $15.97 against $15.22 a year ago. Return on average assets and return on average common stockholder’s equity were 0.96% and 9.85%, respectively, for the six months of 2015 against 0.88% and 0.68%, respectively a year ago.
Suffolk Bancorp Announces Executive Changes
Jul 6 15
Suffolk Bancorp announced that effective July 3, 2015, Frank D. Filipo retired as Executive Vice President and Chief Operating Officer of the company. The company also announced that it has promoted Anita J. Nigrel to Executive Vice President and Chief Retail Officer to succeed Mr. Filipo.