LNBB LNB Bancorp, Inc. featured news, full reports, and detailed charts
LNB Bancorp, Inc. (LNBB) Wrap Up:
General. LNB Bancorp, Inc., (the “Corporation”), is a diversified financial services company headquartered in Lorain, Ohio. It is organized as a financial holding company under the Bank Holding Company Act of 1956, as amended (the “BHC Act”). Its predecessor, the Lorain Banking Company was a state chartered bank founded in 1905. It merged with the National Bank of Lorain in 1961, and in 1984 became a wholly-owned subsidiary of LNB Bancorp, Inc. The Corporation received its financial holding company status on March 13, 2000. The Corporation engages in banking, mortgage, and brokerage services. These services are generally offered through its wholly-owned subsidiary — The Lorain National Bank (the “Bank”). For brokerage services the Bank operates under an agreement with Investment Centers of America, Inc. Investment Centers of America, Inc. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f17%2f0001206774-08-000534.html#FIS_BUSINESS"LNB Bancorp Inc. (LNBB:NASDAQ)
Snapshot of LNB Bancorp Inc. (LNBB)
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OPEN
$4.71
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PREVIOUS CLOSE
$4.65
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DAY HIGH
$4.72
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DAY LOW
$4.44
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52 WEEK HIGH
08/3/09 - $7.70
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52 WEEK LOW
02/2/09 - $4.01
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MARKET CAP
34.1M
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AVERAGE VOLUME 3 mo
6.9K
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DILUTED EPS TTM
$-0.32
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SHARES OUTSTANDING
7.3M
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EX-DATE
09/18/09
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P/E TTM
NM
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DIVIDEND
$0.04
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DIVIDEND YIELD
0.86%
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| K = Thousands M = Millions B = Billions | ||
LNBB Top Compensated Officers
Executives, Board Directors
Key developments for LNB Bancorp Inc. (LNBB)
LNB Bancorp Inc. expected to Report Fiscal Year 2009 Results on February 8, 2010. This event was calculated by Capital IQ (Created on November 2, 2009).
LNB Bancorp Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net loss available to common shareholders of $4,695,000 or $0.64 per diluted share compared with a net income available to common shareholders of $1,823,000 or $0.25 per diluted share reported for the same period a year ago. Net interest income was $9,578,000 compared to $8,229,000 for the same period of last year. Total interest income was $14,523,000 compared to $14,385,000 for the same period of last year. Loss before income tax expense was $7,102,000 compared to income before income tax expense of $2,418,000 for the same period of last year. Negative return on average assets was 1.40% compared to return on average assets of 0.67% for the same period of last year. Negative return on average common equity was 16.03% compared to return on average common equity of 9.15% for the same period of last year. For the nine months, the company reported net loss available to common shareholders of $3,480,000 or $0.48 per diluted share compared with a net income available to common shareholders of $2,135,000 or $0.29 per diluted share reported for the same period a year ago. Net interest income was $27,610,000 compared to $23,888,000 for the same period of last year. Total interest income was $43,402,000 compared to $43,942,000 for the same period of last year. Loss before income tax expense was $5,102,000 compared to income before income tax expense of $2,065,000 for the same period of last year. Negative return on average assets was 0.28% compared to return on average assets of 0.27% for the same period of last year. Negative return on average common equity was 3.15% compared to return on average common equity of 3.48% for the same period of last year.
The Board of Directors of LNB Bancorp Inc. declared a cash dividend of $12.50 per share, or approximately $315,000, on LNB's Fixed Rate Cumulative Perpetual Preferred Stock Series B, payable on November 16, 2009 to the shareholder of record as of November 6, 2009.
LNBB Competitors
| Company | Last | Change |
| First Citizens Banc Corp | $4.75 USD | -0.25 |
| Monroe Bancorp | $7.05 USD | 0.00 |
| NB&T Financial Group Inc | $16.24 USD | 0.00 |
| Ohio Valley Banc Corp | $21.25 USD | +0.2199 |
| United Bancshares Inc | $9.24 USD | -0.50 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | LNBB | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.1x |
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| Price/Book | 0.4x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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LNBB transactions
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| No transactions in the last 6 months. | ||