Last $8.74 USD
Change Today +0.12 / 1.39%
Volume 32.8K
NBBC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

newbridge bancorp (NBBC) Snapshot

Open
$8.64
Previous Close
$8.62
Day High
$8.76
Day Low
$8.62
52 Week High
10/31/14 - $8.98
52 Week Low
02/7/14 - $6.55
Market Cap
325.1M
Average Volume 10 Days
165.8K
EPS TTM
$0.46
Shares Outstanding
34.0M
EX-Date
10/31/08
P/E TM
18.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for NEWBRIDGE BANCORP (NBBC)

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newbridge bancorp (NBBC) Details

NewBridge Bancorp operates as the bank holding company for NewBridge Bank that provides various banking products to small to medium-sized businesses and retail clients. Its deposit products include interest bearing and noninterest bearing demand deposit accounts, certificates of deposits, individual retirement accounts, savings accounts, NOW accounts, and money market accounts. The company also provides lending products comprising real estate mortgage and construction, commercial, and consumer loans. In addition, it offers overdraft protection, personal and corporate trust services, safe deposit boxes, online banking, corporate cash management, brokerage, and financial planning and asset management services. As of October 21, 2014, the Bank operated approximately 40 branches and various loan production offices in North and South Carolina. The company is based in Greensboro, North Carolina.

434 Employees
Last Reported Date: 03/12/14

newbridge bancorp (NBBC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $719.2K
Chief Financial Officer and Senior Executive ...
Total Annual Compensation: $368.8K
Chief Credit Officer, Senior Executive Vice P...
Total Annual Compensation: $302.5K
Senior Executive Vice President and Chief Adm...
Total Annual Compensation: $302.5K
Chief Strategy Officer of Newbridge Bank and ...
Total Annual Compensation: $321.5K
Compensation as of Fiscal Year 2013.

newbridge bancorp (NBBC) Key Developments

NewBridge Bancorp Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Net Charge-offs for the Third Quarter of 2014

NewBridge Bancorp reported 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 $5.1 million, or $0.14 per diluted share compared to $2.8 million, or $0.10 per diluted share reported for the quarter ended September 30, 2013. Net interest income increased 29.6%, or $4.7 million, to $20.5 million against $15.796 a year ago. This increase was due primarily to a rise in the average balance of earning assets, primarily loans, following the mergers with CapStone Bank and Security Savings Bank, combined with substantial organic growth over the last year. Total interest income was $22.379 million against $17.142 million a year ago. Net interest income after provision for credit losses was $20.387 million against $15.763 million a year ago. Income before income taxes was $7.903 million against $5.849 million a year ago. Return on average assets was 0.83% against 0.67% a year ago. Return on average equity was 8.95% against 7.36 Z% a year ago. Pre-tax core net operating income was $7.913 million against $5.460 million a year ago. For the nine months, the company reported net income available to common shareholders of $9.4 million compared to $17.7 million for the prior year period. Pre-tax core net operating income, a non-GAAP measure, increased to $20.5 million from $14.9 million in the prior year nine month period. Net interest income increased by $11.1 million, or 24.0%, over the prior year period to $57.4 million against $46.263 million a year ago. Total interest income was $62.566 million against $50.272 million a year ago. Net interest income after provision for credit losses was $56.534 million against $44.214 million a year ago. Income before income taxes was $15.072 million against $15.605 million a year ago. Book value per share was $6.14 against $5.19 a year ago. Return on average assets was 0.57% against 1.50% a year ago. Return on average equity was 6.23% against 14.29% a year ago. Pre-tax core net operating income was $20.515 million against $14.938 million a year ago. For the third quarter of 2014, the company reported net charge-offs of $0.532 million against $1.043 million a year ago.

NewBridge Bancorp Establishes Its First Banking Office in Charleston, South Carolina; Announces Executive Changes

NewBridge Bancorp announced that NewBridge Bank has established its first banking office in Charleston, South Carolina, and plans to develop a full-service branch to open in the first quarter of 2015. The Charleston office is headed by senior vice president and market executive, Daniel S. Vroon, a 17-year veteran banking professional with experience in commercial banking, wealth management, investments and market management. Joining Vroon at the Charleston office are: Christopher S. Abbott, senior vice president and commercial banking relationship manager, whose career includes senior production roles with national and regional banks, as well as company and market brand building via entrepreneurial C-level finance and marketing roles; C. Brantley Moody, senior vice president and business banking relationship manager, an 18-year business banking veteran with a track record of leading and building regional commercial banking programs in South Carolina; S. David Blaton, assistant vice president and client services manager, whose experience includes bank and facilities management, lending, and retail financial services; Jeffrey B. Wilson, vice president and middle-market banking relationship manager, whose career includes various roles with a regional bank primarily focused on lending to companies with revenues of $25 million or more in South Carolina and Georgia. Wilson will report to Tommy DeMint, senior vice president and head of the middle-market banking group in South Carolina.

NewBridge Bancorp Appoints Philip Chandler as City Executive for Charlotte in North Carolina

NewBridge Bank has appointed Philip Chandler, senior vice president, as city executive for Charlotte in North Carolina, in the US. Chandler is a veteran banking professional with extensive experience in commercial banking, management, client relations and community service. He is based at 5925 Carnegie Boulevard, Suite 100, and reports to Tim Ignasher, executive vice president and commercial line of business manager for NewBridge Bank. With over 15 years of banking experience, Chandler is a highly qualified commercial banker and is skilled in managing all aspects of the lending function including business development, analyzing, structuring, negotiating, and closing commercial loans. His extensive knowledge of the city and surrounding communities will enable him to develop new client0 relationships in his new role as city executive. He will continue to be responsible for managing the financial partnerships of a portfolio of commercial clients located in the Charlotte area.

 

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Industry Analysis

NBBC

Industry Average

Valuation NBBC Industry Range
Price/Earnings 27.5x
Price/Sales 3.6x
Price/Book 1.4x
Price/Cash Flow 26.7x
TEV/Sales NM Not Meaningful
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