Cardinal Financial Corp. announced that its Board of Directors has declared its quarterly cash dividend of $0.01 per share. This dividend will be paid on November 19, 2009 to shareholders of record as of the close of business on November 5, 2009.

Cardinal Financial Corp. reported earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported earnings of $2.6 million or $0.09 per diluted share against a net loss of $4.4 million or $0.18 per diluted share a year ago. Net interest income increased to $13.1 million from $11.3 million a year ago. Income before income taxes was $3.7 million against loss of $5.2 million a year ago. Book value per share was $7.09 against $6.41 a year ago. Return on average assets was 0.56% against negative return on average assets of 1.09% a year ago. Return on average equity was 5.20% against negative return on average equity of 11.03% a year ago. The increases in net interest income and margin are primarily a result of the Bank's success in growing its balance sheet while maintaining asset yields and lowering deposit rates. Additionally, year-to-date results were impacted by changes in ongoing and special FDIC insurance assessments, which increased this expense $2.8 million and $1.7 million reducing earnings by $0.01 and $0.04 per diluted share against a year ago. For nine months, the company reported earnings of totaled $6.9 million, or $0.26 per diluted share, versus a net loss of $1.5 million or $0.06 per diluted share a year ago. Net interest income increased to $35.6 million from $32.6 million a year ago. Income before income taxes was $9.9 million against loss of $1.4 million a year ago. Book value per share was $7.09 against $6.41 a year ago. Return on average assets was 0.52% against negative return on average assets of 0.12% a year ago. Return on average equity was 5.12% against negative return on average equity of 1.23% a year ago.

Cardinal Financial Corp. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 21, 2009).