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News Breaks | | | | January 23, 2013 | | 17:57 EDT |  | SNBC | Sun 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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