reports
Suffolk Bancorp Reports Fourth Quarter and Full Year 2016 Results
RIVERHEAD, N.Y.--(BUSINESS WIRE)-- Suffolk Bancorp (the “Company”) (NYSE:SCNB), parent company of Suffolk County National Bank (the “Bank”), today reported net income of $3.7 million, or $0.31 per diluted common share, for the fourth quarter of 2016 compared to $3.6 million, or $0.31 per diluted common share, a year ago. For the year ended December 31, 2016, the Company recorded net income of $19.8 million, or $1.66 per diluted common share, versus $17.7 million, or $1.49 per diluted common share for the comparable 2015 full year peri...
Suffolk Bancorp Declares Quarterly Dividend
RIVERHEAD, N.Y.--(BUSINESS WIRE)-- Suffolk Bancorp (the “Company”) (NYSE:SCNB), parent company of Suffolk County National Bank (the “Bank”), announced that its Board of Directors today declared a quarterly cash dividend of $0.10 per share on its common stock. The dividend will be payable on February 22, 2017 to shareholders of record as of February 8, 2017. Corporate Information Suffolk Bancorp (NYSE: SCNB) is a one-bank holding company engaged in the commercial banking business through Suffolk County National Bank, ...
Ford Equity US Rating and Forecast Report
Ford Equity Research covers more than 4,000 stocks using a proprietary quantitative model that evaluates a company’s earnings strength, its relative valuation and recent price movement. Ford’s five recommendation ratings include strong buy, buy, hold, sell, strong sell. For all stocks in our coverage universe, ratings are generated each week and reflect the fundamental and price data as of the last trading day of the week.
Suffolk Bancorp Reports Third Quarter 2016 Results
RIVERHEAD, N.Y.--(BUSINESS WIRE)-- Suffolk Bancorp (the “Company”) (NYSE:SCNB), parent company of Suffolk County National Bank (the “Bank”), today reported net income of $5.5 million, or $0.46 per diluted common share, for the third quarter of 2016 compared to $4.9 million, or $0.42 per diluted common share, a year ago. For the nine months ended September 30, 2016, the Company recorded net income of $16.1 million, or $1.35 per diluted common share, versus $14.1 million, or $1.19 per diluted common share for the comparable 2015 year-to...
Suffolk Bancorp Declares Quarterly Dividend
RIVERHEAD, N.Y.--(BUSINESS WIRE)-- Suffolk Bancorp (the “Company”) (NYSE:SCNB), parent company of Suffolk County National Bank (the “Bank”), announced that its Board of Directors today declared a quarterly cash dividend of $0.10 per share on its common stock. The dividend will be payable on November 23, 2016 to shareholders of record as of November 9, 2016. Corporate Information Suffolk Bancorp (NYSE: SCNB) is a one-bank holding company engaged in the commercial banking business through Suffolk County National Bank, ...
Suffolk Shareholders Approve the Proposed Merger of Suffolk Bancorp an...
RIVERHEAD, N.Y.--(BUSINESS WIRE)-- Shareholders of Suffolk Bancorp (“Suffolk”) (NYSE:SCNB) today approved the proposed merger of Suffolk and People’s United Financial, Inc. (“People’s United”). Pending regulatory approval, and subject to the terms of the Agreement and Plan of Merger dated as of June 26, 2016, Suffolk will merge with and into People’s United, and Suffolk County National Bank will merge with and into People’s United Bank, National Association. Following the special meeting of Suffolk shareholders, Howa...
All Three Leading Proxy Advisory Firms Recommend that Suffolk Bancorp ...
RIVERHEAD, N.Y.--(BUSINESS WIRE)-- Suffolk Bancorp (“Suffolk”) (NYSE:SCNB) today announced that the three leading proxy advisory firms, Institutional Shareholder Services Inc. (“ISS”), Glass, Lewis & Co. (“Glass Lewis”) and Egan-Jones Proxy Services (“Egan-Jones”) have each independently recommended that Suffolk shareholders vote FOR the adoption of the agreement and plan of merger (the “merger agreement”) between Suffolk and People’s United Financial, Inc. (“People’s United”). Suffolk’s Special Meeting of Shareholders will be held on...
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