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Last $21.65 USD
Change Today -0.2399 / -1.10%
Volume 105.0
As of 11:26 AM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

asb bancorp inc (ASBB) Snapshot

Open
$21.65
Previous Close
$21.89
Day High
$21.65
Day Low
$21.65
52 Week High
06/30/15 - $22.00
52 Week Low
07/23/14 - $18.35
Market Cap
94.8M
Average Volume 10 Days
7.2K
EPS TTM
$0.65
Shares Outstanding
4.4M
EX-Date
--
P/E TM
33.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for ASB BANCORP INC (ASBB)

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asb bancorp inc (ASBB) Details

ASB Bancorp, Inc. operates as a bank holding company for Asheville Savings Bank, S.S.B. that provides mortgage, consumer, and commercial banking services in North Carolina. It accepts various deposit products comprising noninterest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts, including negotiable order of withdrawal and money market accounts; regular savings accounts; and certificates of deposit. The company’s loan portfolio comprises real estate mortgage loans, such as one-to-four family residential mortgage loans and commercial mortgage loans; and revolving mortgage loans, including home equity loans and lines of credit. It also provides consumer loans, construction and land development loans, and commercial and industrial loans. In addition, the company offers non deposit investment products consisting of mutual funds, debt, equity and government securities, retirement accounts, insurance products, and fixed and variable annuities through an agreement with a third-party registered broker-dealer. It operates through 13 full-service banking centers located in Asheville, North Carolina, and the rest of Buncombe County, as well as in Henderson, Madison, McDowell, and Transylvania Counties; and a loan production office in Mecklenburg County. ASB Bancorp, Inc. was founded in 1936 and is headquartered in Asheville, North Carolina.

160 Employees
Last Reported Date: 03/13/15
Founded in 1936

asb bancorp inc (ASBB) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $316.9K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $180.0K
Chief Credit Officer, Executive Vice Presiden...
Total Annual Compensation: $180.0K
Chief Retail Officer, Executive Vice Presiden...
Total Annual Compensation: $142.0K
Compensation as of Fiscal Year 2014.

asb bancorp inc (ASBB) Key Developments

ASB Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter of 2015

ASB Bancorp, Inc. announced unaudited consolidated earnings results for first quarter ended March 31, 2015. The company reported net income of $622,000, or $0.16 per diluted common share, for the quarter ended March 31, 2015 compared to $404,000, or $0.09 per diluted common share, for the same quarter of 2014. Net interest income increased 9.0% to $5.3 million for the three months ended March 31, 2015 from $4.9 million for the three months ended March 31, 2014. Book value per common share increased to $21.93 at March 31, 2015 from $21.56 at December 31, 2014 and $20.53 at March 31, 2014. Income before income tax was $937,000 against $518,000 a year ago. Return on average assets was 0.33% against 0.22% a year ago. Return on average equity was 2.63% against 1.60% a year ago. Net charge-offs were $101,000 for the first quarter of 2015 against $50,000 a year ago.

ASB Bancorp, Inc., Annual General Meeting, May 21, 2015

ASB Bancorp, Inc., Annual General Meeting, May 21, 2015., at 10:30 US Eastern Standard Time. Location: Asheville Savings Bank's Operations and Administration Center. Agenda: To elect three directors to serve for a term of three years and to elect one director to serve for a term of two years; to ratify the selection of Dixon Hughes Goodman LLP as independent registered public accounting firm for the year ending December 31, 2015; to approve, on a non-binding advisory basis, the compensation paid to the company's executive officers; and to transact such other business as may properly come before the meeting and any adjournment or postponement of the meeting.

ASB Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended December 31, 2014

ASB Bancorp, Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2014. For the quarter, the company reported interest and dividend income of $6,117,000, net interest income of $5,240,000, income before income tax provision of $987,000, net income of $642,000 or $0.16 per diluted share, return on average assets of 0.34%, return on average equity of 2.66% compared to the interest and dividend income of $5,776,000, net interest income of $4,819,000, income before income tax provision of $491,000, net income of $360,000 or $0.08 per diluted share, return on average assets of 0.19%, return on average equity of 1.4% for the same quarter a year ago. For the year, the company reported interest and dividend income of $23,502,000, net interest income of $19,966,000, income before income tax provision of $3,749,000, net income of $2,489,000 or $0.59 per diluted share, return on average assets of 0.33%, return on average equity of 2.51% compared to the interest and dividend income of $22,952,000, net interest income of $18,758,000, income before income tax provision of $2,079,000, net income of $1,454,000 or $0.31 per diluted share, return on average assets of 0.19%, return on average equity of 1.37% for the previous year. Book value per common share was $21.56 at December 31, 2014 compared with $20.06 at December 31, 2013.

 

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ASBB Competitors

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Company Last Change
Alliance Bancorp Inc of Pennsylvania $22.67 USD 0.00
Cheviot Financial Corp $14.38 USD +0.001
First Savings Financial Group Inc $29.60 USD 0.00
IF Bancorp Inc $16.65 USD +0.12
LaPorte Bancorp Inc $13.63 USD 0.00
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Industry Analysis

ASBB

Industry Average

Valuation ASBB Industry Range
Price/Earnings 32.6x
Price/Sales 3.1x
Price/Book 0.9x
Price/Cash Flow 35.0x
TEV/Sales 1.1x
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