Middleburg Financial Corporation Announces Second Quarter 2014 Dividend, Payable on August 29, 2014
Jul 30 14
The board of directors of Middleburg Financial Corporation announced a $0.10 per common share cash dividend for shareholders of record as of August 15, 2014, and payable on August 29, 2014. This represents a dividend increase of $0.03 or 42% per share.
Middleburg Financial Corporation Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
Jul 30 14
Middleburg Financial Corporation reported consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income of $1.86 million or $0.26 per diluted share, a decrease 6.17% compared to net income of $1.98 million or $0.28 per diluted share for the previous quarter and a decrease of 11.37% compared to net income of $2.09 million or $0.29 per diluted share for the second quarter of 2013. Net interest income was $9.51 million, a decrease of 2.07% compared to the previous quarter and an increase of 1.81% compared to the quarter ended June 30, 2013. Total interest and dividend income was $10,941,000 against $10,992,000 a year ago. Income before income taxes was $2,580,000 against $3,129,000 a year ago. Return on average assets was 0.61% against 0.69% a year ago. Return on average equity was 6.30% against 7.25% a year ago. Book value per share was $16.73 against $15.93 a year ago. Tangible book value per share against $16.19 against $15.09 a year ago.
For the six months, the company reported net interest income of $19,222,000 against $18,776,000 a year ago. Total interest and dividend income was $22,048,000 against $22,204,000 a year ago. Income before income taxes was $5,150,000 against $4,752,000 a year ago. Net income attributable to the company was $3,833,000 or $0.54 per diluted share against $3,420,000 or $0.48 per diluted share a year ago.
Middleburg Financial Corporation(NasdaqCM:MBRG) dropped from Russell 2000 Index
Jun 30 14
Middleburg Financial Corporation will be removed from the Russell 2000 Index.
Middleburg Financial Corporation(NasdaqCM:MBRG) dropped from Russell 3000 Index
Jun 30 14
Middleburg Financial Corporation will be removed from the Russell 3000 Index.
Middleburg Financial Corporation Declares Cash Dividend, Payable on May 30, 2014
Apr 30 14
On April 30, 2014, Middleburg Financial Corporation announced the declaration of a cash dividend of $0.07 per share to shareholders of record on May 16, 2014, payable on May 30, 2014.