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Last $4.12 USD
Change Today 0.00 / 0.00%
Volume 0.0
MFBP On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

m & f bancorp inc (MFBP) Snapshot

Open
$4.12
Previous Close
$4.12
Day High
$4.12
Day Low
$4.12
52 Week High
09/18/14 - $5.37
52 Week Low
08/31/15 - $4.12
Market Cap
8.4M
Average Volume 10 Days
379.0
EPS TTM
--
Shares Outstanding
2.0M
EX-Date
12/26/14
P/E TM
--
Dividend
$0.06
Dividend Yield
1.50%
Current Stock Chart for M & F BANCORP INC (MFBP)

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m & f bancorp inc (MFBP) Details

M&F Bancorp, Inc. operates as the bank holding company for Mechanics and Farmers Bank that provides consumer and commercial banking products and services in North Carolina. The company offers deposit products, including checking, savings, negotiable order of withdrawal, money market, and individual retirement accounts, as well as certificates of deposit. It also provides loans for real estate, construction, businesses, personal use, home improvement, and automobiles; and equity lines of credit, credit lines, consumer loans, and credit cards. In addition, the company offers safe deposit boxes, Internet and mobile banking services, traveler’s checks, notary services, and automated teller machine services, as well as electronic funds transfer services, such as wire transfers. It operates seven branch offices, which include two in Durham; two in Raleigh; and one each in Charlotte, Greensboro, and Winston-Salem, North Carolina. The company was founded in 1907 and is headquartered in Durham, North Carolina.

66 Employees
Last Reported Date: 03/18/15
Founded in 1907

m & f bancorp inc (MFBP) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $84.6K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $175.6K
Chief Lending Officer of Mechanics & Farmers ...
Total Annual Compensation: $161.1K
Compensation as of Fiscal Year 2014.

m & f bancorp inc (MFBP) Key Developments

M&F Bancorp Inc. Reports Unaudited Financial Results for the Second Quarter and Six Months Ended June 30, 2015

M&F Bancorp Inc. reported unaudited financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s net income was $318,000 compared to $507,000 for the second quarter of 2014, a decrease of $189,000. Net income available to common shareholders for the second quarter of 2015 was $259,000 compared to $448,000 for the second quarter of 2014, a decrease of $189,000. Diluted income per common share decreased $0.09 to $0.13 for the second quarter of 2015 compared to $0.22 in the second quarter of 2014. The Company produced net interest income of $2.5 million during the three months ended June 30, 2015, which was down slightly from the $2.6 million generated for the same period of 2014. Interest income decreased $112,000 or 4.31% to $2.7 million for the three months ended June 30, 2015 as compared to the same period of the prior year. Interest expense remained flat at $164,000 for the three months ended June 30, 2015 and 2014. For the six months, the company’s net income was $149,000 compared to $784,000 for the same period of 2014, a decrease of $635,000. Net income available to common shareholders for the six months ended June 30, 2015 was $32,000 compared to $667,000 for the same period of 2014, a decrease of $635,000. Diluted income per common share decreased $0.31 to $0.02 for the six months ended June 30, 2015 compared to $0.33 in the same period of 2014. The Company produced net interest income of $4.9 million during the six months ended June 30, 2015, which was $373,000 lower than the $5.3 million generated for the same time of 2014. The decrease was primarily caused by lower interest income, which decreased $375,000 or approximately 6.69% to $5.2 million for the six months ended June 30, 2015 as compared to the same period of the prior year. Interest expense decreased slightly to $337,000 for the six months ended June 30, 2015 compared to $339,000 for the same period in 2014.

M&F Bancorp Inc. Appoints Patricia Healy to the Board of Directors

M&F Bancorp Inc. announced that Patricia Healy has been elected to the Board of Directors. Ms. Healy is the Managing Principal with the investment firm of Hyde Street Holdings, LLC.

M&F Bancorp Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015

M&F Bancorp Inc. reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net interest income of $2,402,000 compared to $2,663,000 during the comparable period of 2014. Interest income decreased $262,000 or approximately 9.24% to $2,575,000 as compared to $2,837,000 during the same period of the prior year. Net loss available to common shareholders was $228,000 compared to net income available to common shareholders of $218,000 for comparable 2014 period, a decrease of $446,000. Diluted loss per common share decreased $0.22 to $0.11 for 2015 compared to diluted net income per common share of $0.11 for 2014.

 

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MFBP

Industry Average

Valuation MFBP Industry Range
Price/Earnings 47.8x
Price/Sales 0.7x
Price/Book 0.3x
Price/Cash Flow 20.3x
TEV/Sales NM Not Meaningful
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