jacksonville bancorp inc fl (JAXB) Key Developments
Jacksonville Bancorp, Inc. Declares Cash Dividend for the Fiscal Quarter Ending December 31, 2014 Payable on January 5, 2015
Dec 10 14
Jacksonville Bancorp, Inc. has declared a cash dividend of USD 0.08 per share on its common stock for the fiscal quarter ending December 31, 2014. The dividend will be payable to stockholders of record as of December 19, 2014, and will be paid on January 5, 2015.
Jacksonville Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended September 30, 2014
Nov 7 14
Jacksonville Bancorp, Inc. announced unaudited consolidated earnings results for third quarter and nine months ended September 30, 2014. For the quarter, the company reported total interest income of $5,251,000 against $5,605,000 a year ago. Net interest income was $4,461,000 against $4,573,000 a year ago. Income before income tax was $828,000 against $147,000 a year ago. Net income was $808,000 compared to $147,000 a year ago. Basic and diluted earnings per share were $0.14 against $0.03 a year ago. Return on average assets was 0.64% against 0.11% a year ago. Return on average equity was 8.96% against 1.83% a year ago.
For the nine months, the company reported total interest income of $15,902,000 against $17,764,000 a year ago. Net interest income was $13,428,000 against $14,510,000 a year ago. Income before income tax was $1,361,000 against $375,000 a year ago. Net income was $1,341,000 compared to $375,000 a year ago. Basic and diluted earnings per share were $0.23 against basic and diluted net loss per share of $7.06 a year ago. Return on average assets was 0.36% against 0.10% a year ago. Return on average equity was 5.14% against 1.53% a year ago.
Jacksonville Bancorp Announces Directorate Changes
Oct 31 14
On October 28, 2014, the Board of Directors of Jacksonville Bancorp, Inc. appointed Robert B. Goldstein as a new director. In connection with his appointment, the Board named Mr. Goldstein to serve on the Board's Organization and Compensation Committee, its Nominating and Corporate Governance Committee and its Executive Committee. Subject to regulatory approval, Mr. Goldstein will also serve as a director of the Company's wholly owned subsidiary, The Jacksonville Bank. Also on October 28, 2014, John W. Rose delivered notice of his resignation as a director of the Company and the Bank, effective upon receipt of regulatory approval for Mr. Goldstein's directorship with the Bank. Mr. Goldstein is a principal of CapGen Financial Group and will replace Mr. Rose as one of the director designees of CapGen Capital Group IV LP (CapGen"), the company's large shareholder. As an affiliate of CapGen, Mr. Goldstein may be deemed to beneficially own shares owned by CapGen.
Jacksonville Bancorp, Inc. Cuts 14 Workforce
Oct 24 14
Jacksonville Bancorp Inc. announced that on Oct. 22 reduced its workforce as part of its restructuring plan. The company announced it eliminated 14 positions in a move affecting eight employees, or approximately 10% of its workforce.
Jacksonville Bancorp, Inc. Appoints Hugh Greene as its New Director
Sep 9 14
Jacksonville Bancorp Inc. has appointed Hugh Greene as its new director. Mr. Greene will also serve as a director of the bank, subject to regulatory approval. Mr. Greene is the President and CEO of Baptist Health. Mr. Greene, of Jacksonville, Florida, also serves as Chair of the Board of Trustees for the University of North Florida. He is a member of the Executive Board of the Jacksonville Civic Council.