Last $19.73 USD
Change Today -0.07 / -0.35%
Volume 5.4K
VYFC On Other Exchanges
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NASDAQ CM
As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

valley financial corp (VYFC) Key Developments

Valley Financial Corporation Declares Quarterly Cash Dividend, Payable on December 1, 2014; Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Valley Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.04 per share, payable on December 1, 2014 to its common shareholders of record on November 14, 2014. The amount and declaration of future cash dividends are subject to Board of Director's approval. The company reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income available to common shareholders of $1,805,000 or $0.37 per diluted share on total interest income of $8,084,000 compared to net income available to common shareholders of $1,762,000 or $0.36 per diluted share on total interest income of $7,833,000 a year ago. Net interest income was $6,961,000 compared to $6,849,000 a year ago. Income before income taxes was $2,528,000 compared to $2,685,000 a year ago. Return on average assets was 0.83% and return on average shareholders equity was 12.27% compared to return on average assets of 0.96% and return on average shareholders equity of 11.99% a year ago. For the nine months, the company reported net income available to common shareholders of $5,065,000 or $1.04 per diluted share on total interest income of $24,207,000 compared to net income available to common shareholders of $4,958,000 or $1.01 per diluted share on total interest income of $23,344,000 a year ago. Net interest income was $20,869,000 compared to $20,182,000 a year ago. Income before income taxes was $7,145,000 compared to $7,883,000 a year ago. Tangible book value was $11.85 per share as on September 30, 2014 compared to $10.59 per share as on September 30, 2013. Return on average assets was 0.79% and return on average shareholders equity was 12.00% compared to return on average assets of 0.94% and return on average shareholders equity of 11.63% a year ago.

Valley Financial Corporation to Report Q3, 2014 Results on Oct 31, 2014

Valley Financial Corporation announced that they will report Q3, 2014 results at 11:00 AM, US Eastern Standard Time on Oct 31, 2014

Valley Financial Corporation, Q3 2014 Earnings Call, Oct 31, 2014

Valley Financial Corporation, Q3 2014 Earnings Call, Oct 31, 2014

Valley Financial Corporation Presents at FIG Partners 10th Annual Bank CEO Forum, Sep-15-2014

Valley Financial Corporation Presents at FIG Partners 10th Annual Bank CEO Forum, Sep-15-2014 . Venue: Four Seasons, Atlanta, Georgia, United States.

Valley Financial Corporation Declares Quarterly Cash Dividend, Payable on September 2, 2014; Announces Unaudited Consolidated Financial Results for the Second Quarter and Six-Months Ended June 30, 2014; Announces Net Charge-Offs for the Second Quarter of 2014

Valley Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.04 per share, payable on September 2, 2014 to its common shareholders of record on August 15, 2014. The amount and declaration of future cash dividends are subject to Board of Director's approval. The company announced unaudited consolidated financial results for the second quarter and six-months ended June 30, 2014. The company reported net income available to common shareholders for the three months ended June 30, 2014 of $1,744,000, a 1% increase as compared to $1,730,000 for the prior year's second quarter. Diluted earnings per share increased 3% to $0.36 as compared to $0.35 for the second quarter of 2013. Annualized return on average total assets was 0.81% and an annualized return on average shareholders' equity of 12.43% as compared to 0.97% and 12.13%, respectively, for the prior year's quarter. In comparison to the linked quarter, net income available to common shareholders increased $228,000 or 15.0%, while diluted earnings per share increased $0.05 or 16.1%. Total interest income was $8,115,000, compared to $7,825,000 for the last year. Net interest income was $6,998,000, compared to $6,747,000 for the last year. Income before income taxes was $2,483,000, compared to $2,773,000 for the last year. Tangible book value per share was $11.54 as on June 30, 2014 compared to $10.29 as on June 30, 2013. For the six-month period ended June 30, 2014, the company earned net income available to common shareholders of $3,260,000, an increase of $64,000 as compared to $3,196,000 earned during the same period last year. Fully-diluted earnings per share for the six-month period ending June 30, 2014 were $0.67 compared to $0.65 for the prior year, an increase of 3%. The year-to-date earnings produced an annualized return on average earning assets of 0.77% and an annualized return on average shareholders' equity of 11.85% as compared to 0.93% and 11.44% respectively for the prior year. Total interest income was $16,123,000, compared to $15,511,000 for the last year. Net interest income was $13,908,000, compared to $13,333,000 for the last year. Income before income taxes was $4,617,000, compared to $5,198,000 for the last year. The company recorded net charge-offs of $824,000 or 0.14% of average loans during the second quarter of 2014 as compared to net charge-offs of $110,000 for the second quarter of 2013. The charge-offs during the second quarter of 2014 were primarily related to the one borrower placed on nonaccrual status.

 

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VYFC

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Valuation VYFC Industry Range
Price/Earnings 15.3x
Price/Sales 3.0x
Price/Book 1.7x
Price/Cash Flow 15.0x
TEV/Sales NM Not Meaningful
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