oneida financial corp (ONFC) Key Developments
Oneida Financial Corp. Declares Quarterly Cash Dividend, Payable on July 22, 2014
Jun 25 14
Oneida Financial Corp. announced the declaration of a quarterly cash dividend of $0.12 per share. The cash dividend will be paid on July 22, 2014 to shareholders of record as of July 8, 2014.
Oneida Financial Corp. and Oneida Savings Bank Announce Management Changes
May 12 14
The Boards of Directors of Oneida Financial Corp. and its subsidiary The Oneida Savings Bank announced that it has continued to implement the previously announced management succession plan. Michael R. Kallet, most recently the President and Chief Executive Officer of Oneida Financial Corp., will serve as the Chairman of the Board and Chief Executive Officer of both the company and the Bank. Eric E. Stickels, current Executive Vice President and Chief Financial Officer of the company and President and Chief Operating Officer of the Bank, will serve as the President and Chief Operating Officer of both the company and the Bank. In addition, Deresa F. Durkee has been promoted to the position of Senior Vice President and Chief Financial Officer of both Oneida Financial Corp. and Oneida Savings Bank. The management changes were approved by the Boards of Directors at the Annual Meeting held on May 6, 2014. The Board of Directors also appointed Richard B. Myers as Vice Chairman and Rodney D. Kent as Vice Chairman and Lead Independent Director. Mr. Stickels has been Executive Vice President and Chief Financial Officer of Oneida Financial Corp. since April 2003, and President and Chief Operating Officer of Oneida Savings Bank since December 2011. Ms. Durkee has been Senior Vice President and Chief Financial Officer of Oneida Savings Bank since December 2011. Prior to that time, Ms. Durkee was Senior Vice President and Treasurer of the Bank. Ms. Durkee has been associated with Oneida Savings Bank since 1998.
Oneida Financial Corp. Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2014; Announces Net Charge-offs for the First Quarter Ended March 31, 2014
Apr 24 14
Oneida Financial Corp. announced unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net income was $1,944,000 or $0.28 diluted earnings per share, compared to $1,950,000 or $0.28 diluted earnings per share, for the three months ended March 31, 2013. The slight decrease in net income during the respective first quarter periods is primarily the result of a decrease in net interest income, an increase in non-interest expense and an increase in income tax provision; partially offset by an increase in net investment gains and an increase in non-interest income. Net interest income was $4,785,000 against $4,837,000 a year ago. Income before income taxes was $2,664,000 against $2,594,000 a year ago. Net income was $1,944,000 against $1,950,000 a year ago. Net income per diluted share was $0.28 against $0.28 a year ago. Book value per share (end of period) was $13.53. Return on average assets was 1.02% against 1.14% a year ago. Return on average equity was 8.51% against 8.32% a year ago.
The company announced that net charge-offs during the first quarter of 2014 were $19,000 are compared with net charge-offs of $15,000 in the same period last year.
Oneida Financial Corp. Declares Quarterly Cash Dividend, Payable on April 22, 2014
Mar 27 14
Oneida Financial Corp. has declared a quarterly cash dividend of twelve cents ($0.12) per share of the company's common stock. The dividend is payable to stockholders of record as of April 8, 2014 and will be paid on April 22, 2014.
Oneida Financial Corp. Announces Retirement of Thomas H. Dixon as EVP and Chief Credit Officer
Feb 28 14
Oneida Financial Corp. announced the retirement of Mr. Thomas H. Dixon, EVP and Chief Credit Officer effective February 28, 2014. Mr. Dixon currently has an employment agreement dated March 1, 2012 which will expire on the effective date of his resignation.