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Stock Market & Financial Investment News

News Breaks
July 14, 2014
18:21 EDTCFNLCardinal Financial names Ralph Edwards as Chief Information Officer
Cardinal Bank announced that Ralph Edwards, Jr. has joined the company as Senior Vice President, Chief Information Officer. In this role, Edwards will have responsibility for the corporate Information Technology and Information Systems division, as well as network infrastructure, banking operations and service delivery capabilities. A seasoned technology executive, Edwards joins Cardinal Bank with a track record of expertise in managing and implementing information technology strategies. He has held senior leadership positions over his 30 year career in IT and Operations, most recently in North Carolina at two southeast regional banking companies, including CIO at Capital Bank Corporation and First Citizens Bancshares.
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October 22, 2014
13:52 EDTCFNLCardinal Financial raises quarterly dividend to 10c from 8c per share
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12:30 EDTCFNLCardinal Financial reports Q3 EPS 29c, consensus 30c
The company’s net interest income increased 18% to $27.9M from $23.7M, for the three month periods ended September 30, 2014 and 2013, respectively. For the comparable nine month year to date periods of 2014 and 2013, net interest income increased 17%, to $80.5M from $68.5M. The company’s tax equivalent net interest margin was 3.66% for the current quarter and 3.63% year to date versus 3.65% and 3.47% for the same respective periods of last year.

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