Sussex Bancorp Reports Second Quarter 2018 Results and Declares 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
Company Research
Source: GlobeNewswire
ROCKAWAY, N.J., July 26, 2018 (GLOBE NEWSWIRE) -- SB One Bancorp (the “Company”) (Nasdaq: SBBX), the holding company for SB One Bank (the “Bank”), today reported net income of $3.0 million, or $0.38 per basic and diluted share, for the quarter ended June 30, 2018, as compared to $1.2 million, or $0.25 per basic and diluted share, for the same period last year. The increase in net income was mainly attributable to the merger with Community Bank of Bergen County (“Community Bank”), continued double digit loan growth and a 233% increase in SB One Insurance pretax profit. During the second quarter of 2018, the Company, along with its’ subsidiaries, changed the name of each company and introduced them through various rebranding initiatives and campaigns. In addition, the Company was also added to the Russell 2000® Index and Russell 3000® Index on June 25, 2018. The Company’s net income, adjusted for tax effected merger-related expenses of $321 thousand and non-recurring rebranding e
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