Sussex Bancorp Reports a 49% Increase in Net Income for the Third Quarter 2017 and Declared a Cash Dividend
SUSSEX BANCORP (SBBX)
Last sussex bancorp earnings: 4/29 04:30 pm
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US:NASDAQ Investor Relations:
sussexbank.com/about/corporate-profile
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Source: GlobeNewswire
ROCKAWAY, N.J., Oct. 30, 2017 (GLOBE NEWSWIRE) -- Sussex Bancorp (the “Company”) (Nasdaq:SBBX), the holding company for Sussex Bank (the “Bank”), today announced a 49.1% increase in net income to $2.0 million, or $0.33 per basic and diluted common share, for the quarter ended September 30, 2017, as compared to $1.3 million, or $0.28 per basic and diluted share, for the same period last year. Also, the Company announced a 29.5% increase in net income or $1.00 per diluted common share for the nine months ended September 30, 2017 as compared to $0.86 for the same period last year. During the nine months ended September 30, 2017, net income and earnings per share were impacted by costs related to the pending acquisition of Community Bank of Bergen County, NJ (“Community”) and expenses incurred in connection with a S-3 registration statement (“S-3 registration”) filed in the second quarter of 2017 with the Securities and Exchange Commission. Diluted earnings per share, excluding expens
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