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Last $19.85 USD
Change Today +0.04 / 0.20%
Volume 9.4K
SNBC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

sun bancorp inc-nj (SNBC) Snapshot

Open
$19.99
Previous Close
$19.81
Day High
$20.18
Day Low
$19.69
52 Week High
07/22/15 - $21.00
52 Week Low
01/20/15 - $16.88
Market Cap
370.6M
Average Volume 10 Days
11.6K
EPS TTM
$-0.11
Shares Outstanding
18.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SUN BANCORP INC-NJ (SNBC)

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sun bancorp inc-nj (SNBC) Details

Sun Bancorp, Inc. operates as the holding company for Sun National Bank that provides various banking services to consumers, small businesses, and mid-size companies in New Jersey. The company’s deposit products include checking accounts, savings accounts, money market accounts, certificates of deposits, and individual retirement accounts, as well as business checking accounts. Its loan portfolio comprises commercial and residential real estate loans, commercial and industrial loans, construction loans, home equity lines of credit, home equity term loans, and small business loans. The company also provides cash management services comprising online banking, electronic bill payment and wire transfer, lockbox, remote deposit, and controlled disbursement services; and investment services, including insurance, annuities, mutual funds, securities brokerage, and investment advisory services. As of December 31, 2014, it operated 57 locations primarily throughout New Jersey, including 47 branch offices. The company was founded in 1985 and is headquartered in Mount Laurel, New Jersey.

456 Employees
Last Reported Date: 03/16/15
Founded in 1985

sun bancorp inc-nj (SNBC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $616.4K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $405.0K
Chief Risk Officer and Executive Vice Preside...
Total Annual Compensation: $350.0K
Chief Lending Officer
Total Annual Compensation: $173.5K
Chief Administrative Officer of Sun National ...
Total Annual Compensation: $310.0K
Compensation as of Fiscal Year 2014.

sun bancorp inc-nj (SNBC) Key Developments

Sun Bancorp Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Sun Bancorp Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company announced total interest income of $17,793,000 compared to $23,777,000 for the same period a year ago. Net interest income was $15,375,000 compared to $20,612,000 for the same period a year ago. Net interest income after provision for loan losses was $16,593,000 compared to $5,809,000 for the same period a year ago. Income before income taxes was $3,109,000 compared to loss before income taxes of $23,891,000 for the same period a year ago. Net income available to common shareholders was $2,825,000 or $0.15 per basic and diluted share compared to net loss available to common shareholders of $24,248,000 or $1.39 per basic and diluted share for the same period a year ago. Return on average assets was 0.5% compared to negative return on average assets of 3.3% for the same period a year ago. Return on average equity was 5.0% compared to negative return on average equity of 38.2% for the same period a year ago. Return on average tangible equity was 5.3% compared to negative return on average tangible equity of 45.0% for the same period a year ago. Book value per share was $13.55 compared to $13.06 for the same period a year ago. Tangible book value per share was $11.51 compared to $10.85 for the same period a year ago. For the six months, the company announced total interest income of $35,452,000 compared to $48,417,000 for the same period a year ago. Net interest income was $30,566,000 compared to $42,004,000 for the same period a year ago. Net interest income after provision for loan losses was $31,784,000 compared to $27,201,000 for the same period a year ago. Income before income taxes was $6,169,000 compared to loss before taxes of $25,438,000 for the same period a year ago. Net income available to common shareholders was $5,601,000 or $0.30 per basic and diluted share compared to net loss available to common shareholders of $26,154,000 or $1.50 per basic and diluted share for the same period a year ago. Return on average assets was 0.4% compared to negative return on average assets of 1.7% for the same period a year ago. Return on average equity was 4.5% compared to negative return on average equity of 20.7% for the same period a year ago. Return on average tangible equity was 5.3% compared to negative return on average tangible equity of 24.5% for the same period a year ago.

Sun Bancorp, Inc. and Sun National Bank Appoints Grace C. Torres as Director and Member of the Audit and Risk Committees

Sun Bancorp Inc., the holding company for Sun National Bank, has appointed Grace C. Torres to the Board of Directors of the company. Ms. Torres will also serve as a director of the bank and as a member of the Audit and Risk Committees of the company's and bank's Boards of Directors. Torres currently serves as a Director and Trustee of the Prudential Retail Mutual Funds complex.

Sun Bancorp Inc. to Report Q2, 2015 Results on Jul 27, 2015

Sun Bancorp Inc. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Jul 27, 2015

 

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SNBC:US $19.85 USD +0.04

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Industry Analysis

SNBC

Industry Average

Valuation SNBC Industry Range
Price/Earnings 100.0x
Price/Sales 4.3x
Price/Book 1.5x
Price/Cash Flow 189.7x
TEV/Sales NM Not Meaningful
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