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Last $8.15 USD
Change Today +0.12 / 1.49%
Volume 15.3K
FSBK On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

first south bancorp inc /nc (FSBK) Snapshot

Open
$8.02
Previous Close
$8.03
Day High
$8.15
Day Low
$7.99
52 Week High
10/6/14 - $8.50
52 Week Low
07/29/14 - $7.31
Market Cap
77.7M
Average Volume 10 Days
3.4K
EPS TTM
$0.52
Shares Outstanding
9.5M
EX-Date
05/1/15
P/E TM
15.8x
Dividend
$0.10
Dividend Yield
1.23%
Current Stock Chart for FIRST SOUTH BANCORP INC /NC (FSBK)

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first south bancorp inc /nc (FSBK) Details

First South Bancorp, Inc. operates as the bank holding company for First South Bank that provides commercial banking services in North Carolina. The company’s deposit products include checking accounts, money market accounts, statement savings accounts, individual retirement accounts, and certificates of deposits. It also offers loan products comprising single-family residential and multi-family residential real estate loans; residential and commercial construction loans; commercial real estate loans; commercial loans; and consumer loans, such as automobile, cash secured, home equity, and other consumer loans, as well as loans secured by first and second mortgages on owner-occupied single-family residences. In addition, the company provides leasing and securities brokerage services. As of April 24, 2015, it had 34 full service branch offices located in eastern and central North Carolina. The company was founded in 1902 and is based in Washington, North Carolina.

298 Employees
Last Reported Date: 03/25/15
Founded in 1959

first south bancorp inc /nc (FSBK) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $298.9K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $192.2K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $229.5K
Compensation as of Fiscal Year 2014.

first south bancorp inc /nc (FSBK) Key Developments

First South Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on May 15, 2015

First South Bancorp Inc. reported that on April 23, 2015 the company's Board of Directors declared a quarterly cash dividend of $0.025 per share, payable on May 15, 2015 to shareholders of record as of the close of business on May 5, 2015.

First South Bancorp Inc. and First South Bank Elect New Board Members

First South Bancorp Inc. announced it has elected two new directors to the board of the company and its First South Bank. Boards for both the company and the bank have increased their size from seven to nine members. Lindsey A. Crisp and Steve L. Griffin were appointed as new directors of the company and elected as new directors of the bank. Both Crisp and Griffin will stand for election at the company's annual meeting of shareholders to be held on May 28, 2015. Crisp joined Carver Machine Works Inc. in 2005, and currently serves as its president, Chief Executive Officer and as a board member. He has previously served as an advisory board member of Wells Fargo Bank in Washington, N.C. Griffin is self-employed in the agribusiness field. He is president and owner of Griffin Farms Inc., and owner of Gold Petiole Farms, LLC and Big Swamp, LLC. He has previously served as an advisory board member of Wells Fargo Bank in Washington, N.C.

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

First South Bancorp Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest income of $7,764,496 compared to $7,075,045 a year ago. Net interest income was $7,056,153 compared to $6,434,731 a year ago. Net interest income after provision for credit losses was $7,056,153 compared to $6,184,731 a year ago. Income before income tax expense was $981,771 compared to $1,519,865 a year ago. Net income was $725,077 compared to $1,102,002 a year ago. Basic and diluted earnings per share were $0.08 compared to $0.11 per share a year ago. Earnings (non-GAAP) were $729,000 compared to $1,728,000 a year ago. Return on average assets (annualized) was 0.33% compared to 0.66% a year ago. Return on average equity (annualized) was 3.59% compared to 5.89% a year ago. Pre-tax net income for the 2015 first quarter and the linked 2014 fourth quarter reflects the impact of one-time acquisition transaction expenses, totaling $425,000 and $1.3 million, respectively. The tangible book value per common share increased to $7.88 at March 31, 2015, from $7.71 at December 31, 2014. The Bank recorded $317,000 of net charge offs during the first quarter of 2015, compared to $56,000 a year ago.

 

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1st Constitution Bancorp $11.43 USD -0.0925
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Industry Analysis

FSBK

Industry Average

Valuation FSBK Industry Range
Price/Earnings 22.1x
Price/Sales 2.1x
Price/Book 0.9x
Price/Cash Flow 21.9x
TEV/Sales 0.2x
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