Last $7.50 USD
Change Today -0.01 / -0.13%
Volume 4.2K
FSBK On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 12:49 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

first south bancorp inc /nc (FSBK) Snapshot

Open
$7.54
Previous Close
$7.51
Day High
$7.64
Day Low
$7.49
52 Week High
02/14/14 - $8.81
52 Week Low
10/7/13 - $6.04
Market Cap
72.0M
Average Volume 10 Days
4.1K
EPS TTM
$0.52
Shares Outstanding
9.6M
EX-Date
07/31/14
P/E TM
14.4x
Dividend
$0.10
Dividend Yield
1.00%
Current Stock Chart for FIRST SOUTH BANCORP INC /NC (FSBK)

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first south bancorp inc /nc (FSBK) Details

First South Bancorp, Inc. operates as the bank holding company for First South Bank that provides commercial banking services in North Carolina. Its deposit products include checking accounts, money market accounts, statement savings accounts, individual retirement accounts, and certificates of deposits. The company’s loan products portfolio comprises residential mortgage loans, including single-family residential and multi-family residential real estate loans; construction loans; commercial loans and leases for commercial real estate, commercial construction, and commercial business; consumer loans comprising automobile loans, certificate of deposit loans, home equity loans, and miscellaneous other consumer loans; and loans secured by first and second mortgages on owner-occupied single-family residences. First South Bancorp, Inc. also provides securities brokerage services. As of July 17, 2014, it had 26 full service branch offices located in eastern and central North Carolina. The company was founded in 1959 and is headquartered in Washington, North Carolina.

first south bancorp inc /nc (FSBK) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $295.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $189.6K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $226.5K
Chief Credit Officer and Executive Vice Presi...
Total Annual Compensation: $165.5K
Compensation as of Fiscal Year 2013.

first south bancorp inc /nc (FSBK) Key Developments

First South Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on August 15, 2014

First South Bancorp Inc. reported that on July 24, 2014 the company's Board of Directors declared a quarterly cash dividend of $0.025 per share, payable August 15, 2014 to shareholders of record as of the close of business on August 4, 2014.

First South Bancorp, Inc. Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

First South Bancorp Inc. reported consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. For the 2014 second quarter, the company's net income increased 16.7% to $1.29 million, or $0.13 per diluted common share, from net income of $1.10 million, or $0.11 per diluted common share for the linked 2014 first quarter. The improvement in net income on a linked quarter basis reflects increases in net interest income and non-interest income, a decline in non-interest expense and is partially offset by a higher loan loss provision. Pre-tax, pre-provision operating earnings, which exclude net gains on the sale of securities and other real estate owned (OREO), were $2.24 million for the current quarter compared with $1.72 million for the quarter ended March 31, 2014, reflecting a $527,000 or 30.69% increase. Net income and earnings per diluted common share for the current quarter declined by $479,000 and $0.05, respectively, when compared with $1.76 million or $0.18 per diluted common share for the quarter ended June 30, 2013. Net interest income for the 2014 second quarter increased to $6.57 million from $6.43 million for the linked 2014 first quarter, but was below the $6.72 million posted for the 2013 second quarter. The increase in net interest income from the linked 2014 first quarter is due primarily to an increase in the volume of earning assets, which was partially offset by an increase in the volume of interest-bearing liabilities and a reduction in the yield on earning assets. Income before income tax expense was $1,827,894 against $2,728,995 a year ago. The company's Net income for the first six months of 2014 was $2.39 million, or $0.25 per diluted common share, compared to net income of $3.33 million, or $0.34 per diluted common share earned in the first six months of 2013. Earnings for the current six month period were negatively impacted by a decline in net interest income and non-interest revenue, an increase in the loan loss provisions and partially offset by a decrease in non-interest expenses. Pre-tax, pre-provision operating earnings for the current six-month period declined by $1.00 million to $3.96 million from $4.96 million a year ago attributed entirely to a $1.03 million decline in mortgage-related revenue. Net interest income for the first six months of 2014 declined to $13.00 million, from $13.85 million for the comparative 2013 six month period. The decline in net interest income from the comparative prior year period is due primarily to lower yields on earning assets and partially offset by increased earning asset volume. The decline in net interest income for the comparative six month periods is due primarily to lower yields on earning assets. Income before income tax expense was $3,347,760 against 5,178,074 a year ago.

First South Bancorp Inc. Declares a Quarterly Cash Dividend Payable on May 15, 2014

First South Bancorp Inc. reported that on April 24, 2014 the company's Board of Directors declared a quarterly cash dividend of $0.025 per share, payable May 15, 2014 to shareholders of record as of the close of business on May 5, 2014.

 

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