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Stock Market & Financial Investment News

News Breaks
January 23, 2013
17:57 EDTSNBCSun Bancorp reports Q4 EPS (29c), consensus 0c
Reports Q4 book value per share $3.05. Q4 tangible book value per share was $2.57. Q4 net charge-offs recorded in the current quarter were $26.7M, of which $13.1M related to the loans sale, or 1.12% of average loans, as compared to $4.2M, or 0.18% of average loans for the linked quarter and $20.4M, or 0.87% of average loans outstanding for the same quarter in the prior year. respectively. At December 31, 2012, Sun National Bank's total risk-based capital ratio, Tier 1 capital ratio and leverage capital ratio were approximately 13.04%, 11.78%, and 9.26%, respectively. The company incurred $4.6M impact due to Hurricane Sandy. This is composed of $4.4M of additional loan loss reserves and $222,000 of repair costs for facilities.
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July 31, 2014
09:03 EDTSNBCSun Bancorp reports Q2 EPS (28c), consensus (24c)
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July 28, 2014
19:08 EDTSNBCSun Bancorp names Katsoulis Chief Lending Officer, Morris Chief Banking Officer
Sun Bancorp announced that it has agreed to hire Nicos Katsoulis as its executive VP and Chief Lending Officer. The bank also announced that it has agreed to hire Nicos Katsoulis as its executive VP and Chief Lending Officer. Flaviano Sabater will be joining the Bank on August 4 as its Chief Auditor.

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