Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $24.29 USD
Change Today -0.65 / -2.61%
Volume 10.8K
SUBK On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 2:24 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

suffolk bancorp (SUBK) Key Developments

Suffolk Bancorp Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Announces Net Loan Charge-Offs

Suffolk Bancorp reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income of $4.0 million, or $0.34 per basic and diluted common share compared to $3.7 million, or $0.32 per basic and diluted common share a year ago. The 7.8% increase in first quarter 2015 reported earnings against the comparable 2014 period resulted principally from a $1.2 million increase in net interest income coupled with a $201,000 reduction in total operating expenses in 2015. Partially offsetting these positive factors was a $1.0 million reduction in non-interest income in 2015 when compared to the first quarter of 2014. Excluding the first quarter 2014 gain on the sale of a closed branch building and an expense credit associated with branch consolidation costs previously recorded, core net income increased by 29.5% to $4.0 million in the first quarter of 2015 from $3.1 million in the comparable 2014 period. Return on average assets and return on average common stockholders' equity were 0.85% and 8.79%, respectively, in the first quarter of 2015 compared to 0.89% and 8.81%, respectively, in the first quarter of 2014. Book value per common share was $16.00 as on March 31, 2015. Tangible book value per common share was $15.74 as on March 31, 2015. Total interest income was $17.19 million compared to $15.93 million a year ago. Net interest income was $16.51 million compared to $15.3 million a year ago. Net interest income after provision for loan losses was $16.27 million compared to $15.05 million a year ago. Income before income tax expense was $5.25 million compared to $4.83 million a year ago. Net loan charge-offs of $125,000 were recorded in the first quarter of 2015.

Mr. James P. Gay Resigns as Executive Vice President and Chief Credit Officer of Suffolk Bancorp and Suffolk County National Bank

Effective March 13, 2015, Mr. James P. Gay has retired as executive vice president and chief credit officer of Suffolk Bancorp and the Suffolk County National Bank, its wholly owned subsidiary.

Suffolk Bancorp Declares Quarterly Dividend, Payable on February 25, 2015

Suffolk Bancorp announced that its Board of Directors declared a quarterly cash dividend of $0.06 per share on its common stock. The dividend will be payable on February 25, 2015 to shareholders of record as of February 11, 2015.

Suffolk Bancorp Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Suffolk Bancorp reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total interest income of $16,783,000 against $15,969,000 for the same period in the last year. Net interest income was $16,145,000 against $15,287,000 for the same period in the last year. Income before income tax expense (benefit) was $4,753,000 against $4,194,000 for the same period in the last year. Net income was $4,066,000 or $0.35 per basic and diluted share against $3,328,000 or $0.29 per basic and diluted share for the same period in the last year. Return on average assets and return on average common stockholders' equity were 0.88% and 8.73%, respectively, in the fourth quarter of 2014 versus 0.84% and 8.18%, respectively, in the third quarter of 2014, and 0.77% and 8.03%, respectively, in the fourth quarter of 2013. Tangible book value per share increases 8.5% to $15.40 at December 31, 2014 versus comparable 2013 date. For the year, the company reported total interest income of $65,053,000 against $59,678,000 for the same period in the last year. Net interest income was $62,534,000 against $56,748,000 for the same period in the last year. Income before income tax expense (benefit) was $19,015,000 against $16,440,000 for the same period in the last year. Net income was $15,295,000 or $1.31 per basic and diluted share against $12,718,000 or $1.10 per basic and diluted share for the same period in the last year. Return on average assets was 0.87% against 0.76% for the same period in the last year. Return on average stockholders’ equity was 8.57% against 7.78% for the same period in the last year.

Suffolk Bancorp Declares Quarterly Dividend, Payable on November 26, 2014

Suffolk Bancorp announced that its Board of Directors declared a quarterly cash dividend of $0.06 per share on its common stock. The dividend will be payable on November 26, 2014 to shareholders of record as of November 12, 2014.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SUBK:US $24.29 USD -0.65

SUBK Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Charter Financial Corp/MD $11.98 USD -0.16
OceanFirst Financial Corp $17.05 USD -0.27
Peapack Gladstone Financial Corp $20.27 USD -0.28
Sun Bancorp Inc/NJ $19.61 USD -0.46
First of Long Island Corp/The $25.75 USD -0.26
View Industry Companies
 

Industry Analysis

SUBK

Industry Average

Valuation SUBK Industry Range
Price/Earnings 18.7x
Price/Sales 4.1x
Price/Book 1.6x
Price/Cash Flow 18.8x
TEV/Sales 1.8x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SUFFOLK BANCORP, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.