Sun Bancorp, Inc.(SNBC)- NASDAQ
  • Tue, Jul. 26, 9:06 AM
    | Tue, Jul. 26, 9:06 AM
  • Tue, Jul. 26, 9:03 AM
    • Sun Bancorp (NASDAQ:SNBC): Q2 EPS of $0.16 beats by $0.08.
    • Net interest income of $14.87M (-3.3% Y/Y) misses by $0.29M.
    • Press Release
    | Tue, Jul. 26, 9:03 AM
  • Mon, May 2, 8:57 AM
    • Sun Bancorp (NASDAQ:SNBC): Q1 EPS of $0.04 misses by $0.01.
    • Revenue of $17.65M (-37.6% Y/Y) beats by $2.33M.
    • Press Release
    | Mon, May 2, 8:57 AM
  • Mon, Feb. 1, 8:55 AM
    • Sun Bancorp (NASDAQ:SNBC): Q4 EPS of $0.08 beats by $0.02.
    • Revenue of $18.02M (-14.9% Y/Y) beats by $2.38M.
    | Mon, Feb. 1, 8:55 AM
  • Oct. 26, 2015, 8:48 AM
    • Sun Bancorp (NASDAQ:SNBC): Q3 EPS of $0.17 beats by $0.12.
    • Revenue of $21.67M (-8.3% Y/Y) beats by $5.35M.
    | Oct. 26, 2015, 8:48 AM
  • Oct. 8, 2015, 9:19 AM
    • Its "branch rationalization" process nearly complete under no-longer new CEO Thomas O'Brien, Sun Bancorp (NASDAQ:SNBC) introduces a major rebranding initiative with a fully redesigned family of brands for Sun Bancorp and Sun National Bank following the introduction of Prosperis Financial Solutions.
    • O'Brien: "This elevated presence will reflect the overall turnaround of the Company and Bank.  These efforts are demonstrating to the marketplace that it truly is a new day at Sun."
    | Oct. 8, 2015, 9:19 AM
  • Aug. 31, 2015, 9:02 AM
    • With the closing of the sale of its Hammonton branch location to Cape Bank and the completion of the Bridgeton, Glassboro, Howell, and Carneys Point branch consolidations, and a number of other consolidations due by the end of Q3, Sun Bancorp (NASDAQ:SNBC) expects an annual noninterest expense reduction of $4.6M.
    • The entire branch rationalization operation started last year will cut annual operating expenses by $9.6M annually, and lift the average branch deposit size to roughly $60.5M from $50.5M.
    | Aug. 31, 2015, 9:02 AM
  • Jul. 27, 2015, 9:00 AM
    • Sun Bancorp (NASDAQ:SNBC): Q2 EPS of $0.15 beats by $0.14.
    • Revenue of $20.25M (-17.6% Y/Y) beats by $3.88M.
    | Jul. 27, 2015, 9:00 AM
  • Apr. 27, 2015, 8:57 AM
    • Sun Bancorp (NASDAQ:SNBC): Q1 EPS of $0.15 beats by $0.14.
    • Revenue of $28.28M (+7.4% Y/Y) beats by $11.44M.
    | Apr. 27, 2015, 8:57 AM
  • Mar. 31, 2015, 9:02 AM
    • Sun Bancorp (NASDAQ:SNBC) agrees to the sale of its Hammonton branch assets and related deposits/loans to Cape Bank for a deposit premium of 4%, resulting in an anticipated net gain of about $500K.
    • In addition, the bank is consolidating nine branches across seven counties, and expects an overall branch count of 31 by year-end.
    • This sale and consolidation should result in annual noninterest expense reductions of about $4.6M. There will be a one-time $4.6M charge though, but the bank notes this is offset by a $9.2M gain on sale from a previously-announced sale on March 6 of seven Cape May County branches.
    • When these deals all close, the bank will see a 39% reduction in locations, annualized expense savings of about $10M, and net gains on sales of roughly $6.5M.
    • Previously: Sun Bancorp to focus on core after sale of branches (March 9)
    | Mar. 31, 2015, 9:02 AM
  • Mar. 9, 2015, 10:30 AM
    • "This financially-attractive transaction represents an efficient use of Sun Bancorp's (SNBC +1%) current excess liquidity and will help further rationalize our physical delivery channels and expense base," says CEO Thomas O'Brien, who has been on the job just under a year at the Wilbur Ross-controlled lender.
    • The bank closes on the sale of six branches in Cape May county and one in Atlantic County with a combined $153M in deposits for a deposit premium of 8.765%. About $64M in branch loans were sold at book value. The net gain on sale will be about $9.2M, and the bank expects annual operating expenses to be cut by about $3M.
    | Mar. 9, 2015, 10:30 AM
  • Jan. 26, 2015, 8:02 AM
    • Sun Bancorp (NASDAQ:SNBC): Q4 EPS of -$0.15 misses by $0.12.
    • Revenue of $21.16M (-20.7% Y/Y) misses by $0.14M.
    | Jan. 26, 2015, 8:02 AM
  • Nov. 12, 2014, 9:18 AM
    • The hiring of Nicos Katsoulis as Chief Lending Officer and Anthony Morris as Chief Banking Officer was announced in July, and Sun National Bank (NASDAQ:SNBC) today says the hires have been green-lighted by the Fed and OCC.
    • The Wilbur Ross-backed lender this summer announced a major restructuring under new CEO Thomas O'Brien in which unprofitable business lines were to be exited, allowing the bank to focus on being a commercial lender.
    | Nov. 12, 2014, 9:18 AM
  • Oct. 22, 2014, 6:50 PM
    • Sun Bancorp (NASDAQ:SNBC): Q3 EPS of -$0.05 misses by $0.01.
    • Revenue of $23.61M (-18.0% Y/Y) misses by $0.66M.
    | Oct. 22, 2014, 6:50 PM
  • Jul. 31, 2014, 9:09 AM
    • Sun Bancorp (NASDAQ:SNBC): Q2 EPS of -$0.28 misses by $0.04.
    • Revenue of $24.6M (-23.2% Y/Y) misses by $1.9M.
    | Jul. 31, 2014, 9:09 AM
  • Jul. 29, 2014, 7:44 AM
    | Jul. 29, 2014, 7:44 AM