Oak Ridge Financial Services, Inc. Announces First Quarter 2020 Results and Quarterly Cash Dividend of $0.06 Per Share
OAK RIDGE FINCL SVCS INC (BKOR)
US:NASDAQ Investor Relations:
snl.com/irw/corporateprofile/4160431
Company Research
Source: GlobeNewswire
OAK RIDGE, N.C., April 30, 2020 (GLOBE NEWSWIRE) -- Oak Ridge Financial Services, Inc. (the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), announced unaudited financial results for the three months ended March 31, 2020 and a quarterly cash dividend of $0.06 per share. First Quarter 2020 Highlights Basic and diluted earnings per share of $0.07 for the three months ended March 31, 2020, down 32 cents from the same period in 2019Provision for loan losses of $1.1 million for the three months ended March 31, 2020, compared to no provision for the same period in 2019Annualized return on average common stockholders’ equity of 1.68% for the three months ended March 31, 2020, compared to 11.61% for the same period in 2019Tangible book value per common share of $15.22 at March 31, 2020, up $1.42, or 10.3%, from March 31, 2019Period end loans of $403.2 million, up 14.8% (annualized) from December 31, 2019Period end deposits of $413.0 million, up 15.1% (
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