Last $13.57 USD
Change Today +0.02 / 0.15%
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As of 8:10 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

beneficial mutual bancorp in (BNCL) Key Developments

Beneficial Mutual Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2013

Beneficial Mutual Bancorp Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net income of $2.96 million or $0.04 per basic and diluted share compared to net income of $3.8 million or $0.05 per basic and diluted share a year ago. The company reported net interest income of $30.15 million against $33.27 million a year ago. The company reported income before income taxes of $4.02 million compared to income before income taxes of $3.71 million a year ago. Return on average assets was 0.25% compared to 0.30% reported a year ago. Return on average equity was 1.86% compared to 2.35% reported a year ago. Tangible common equity was 10.89% against 10.30% a year ago. For the full year, the company reported net income of $12.58 million or $0.17 per basic and diluted share compared to net income of $14.18 million or $0.18 per basic and diluted share a year ago. The company reported net interest income of $123.74 million against $139.46 million a year ago. The company reported income before income taxes of $15.17 million compared to income before income taxes of $15.94 million a year ago. Return on average assets was 0.26% compared to 0.29% reported a year ago. Return on average equity was 2.01% compared to 2.23% reported a year ago. Tangible common equity was 10.89% against 10.30% a year ago. Net charge-offs during the quarter and year ended December 31, 2013 were $2.7 million and $15.0 million, respectively, compared to $4.2 million and $24.6 million during the quarter and year ended December 31, 2012, respectively.

Beneficial Mutual Bancorp Inc. Presents at Sandler O'Neill & Partners 2013 East Coast Financial Services Conference, Nov-14-2013

Beneficial Mutual Bancorp Inc. Presents at Sandler O'Neill & Partners 2013 East Coast Financial Services Conference, Nov-14-2013 . Venue: Naples, Florida, United States.

Beneficial Mutual Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Reports Net Charge Offs for the Third Quarter Ended September 30, 2013

Beneficial Mutual Bancorp Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported total interest income of $37,307,000 against $43,208,000 for the same period last year. Net interest income was $30,791,000 against $35,569,000 for the same period last year. Income before income taxes was $4,085,000 against $5,162,000 for the same period last year. Net income was $3,500,000 or $0.05 per basic and diluted share against $4,095,000 or $0.05 per basic and diluted share for the same period last year. Return on average assets was 0.29%. Return on average equity was 2.21%. The decrease in net interest income during the three months ended September 30, 2013 compared to the same period last year was primarily the result of a reduction in the average interest rate earned on loans and investments due to the low interest rate environment and a decline in average loan balances of $175.5 million, partially offset by a reduction in the average cost of liabilities. Net interest income after provision for loan losses was $29,291,000 against $28,569,000 for the same period last year. For the nine months, the company reported total interest income of $112,968,000 against $130,096,000 for the same period last year. Net interest income was $93,585,000 against $106,188,000 for the same period last year. Income before income taxes was $11,154,000 against $12,233,000 for the same period last year. Net income was $9,619,000 or $0.13 per diluted share against $10,364,000 or $0.13 per diluted share for the same period last year. Return on average assets was 0.27% against 0.29% for the same period last year. Return on average equity was 2.06% against 2.20% for the same period last year. The decrease in net interest income during the nine months ended September 30, 2013 compared to the same period last year was primarily the result of a reduction in the average interest rate earned on loans and investments and a decline in average loan balances of $197.7 million, partially offset by a reduction in the average cost of liabilities. Net interest income after provision for loan losses was $82,085,000 against $84,188,000 for the same period last year. For the quarter ended September 30, 2013, the company reported that net charge offs decreased 51.3% to $3.3 million compared to $6.8 million for the same period in 2012.

Beneficial Mutual Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2013

Beneficial Mutual Bancorp Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company reported total interest income was $37,698,000 against $44,463,000 a year ago. Net interest income after provision for loan losses was $26,228,000 against $28,666,000 a year ago. Income before income taxes was $3,280,000 against $2,683,000 a year ago. Net income was $2,906,000 against $2,324,000 a year ago. Diluted per share was $0.04 against $0.03 a year ago. Return on average equity was 1.86% against 2.35% a year ago. Return on average assets was 0.25% against 0.30% a year ago. For the six months, the company reported total interest income was $75,660,000 against $86,887,000 a year ago. Net interest income after provision for loan losses was $52,793,000 against $55,618,000 a year ago. Income before income taxes was $7,068,000 against $7,071,000 a year ago. Net income was $6,119,000 against $6,269,000 a year ago. Diluted per share was $0.08 against $0.08 a year ago. Return on average equity was 2.00% against 2.02% a year ago. Return on average assets was 0.26% against 0.27% a year ago.

Beneficial Mutual Bancorp Inc. Presents at 14th Annual Community Bank Investor Conference 2013, Jul-30-2013 through Jul-31-2013

Beneficial Mutual Bancorp Inc. Presents at 14th Annual Community Bank Investor Conference 2013, Jul-30-2013 through Jul-31-2013. Venue: Marriott Marquis Times Square, New York, New York, United States. Presentation Date(s): Jul-30-2013. Jul-31-2013.

 

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Price/Earnings 82.0x
Price/Sales 7.5x
Price/Book 1.7x
Price/Cash Flow 82.5x
TEV/Sales 3.3x
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