NBBC NewBridge Bancorp featured news, full reports, and detailed charts
NewBridge Bancorp (NBBC) Wrap Up:
NewBridge Bancorp, through its banking subsidiaries, provides banking and other financial services in North Carolina. The company's deposit products include demand deposits, time deposits, NOW accounts, money market accounts, savings accounts, and certificates of deposit. Its loan portfolio comprises commercial, financial, and agricultural loans; real estate construction and mortgage loans; installment loans; and lease financing. The company also offers corporate cash management, discount brokerage, IRA plans, mortgage production, secured and unsecured loans, and trust services. In addition, its non-bank subsidiaries, provides uninsured, nondeposit investment products, including mutual funds, annuities, stocks and bonds, and insurance services. The company was founded in 1949. It was formerly known as LSB Bancshares, Inc. and changed its name to NewBridge Bancorp in July 2007. NewBridge Bancorp is headquartered in Greensboro, North Carolina.www.newbridgebank.com
520 Employees
Founded in 1949
NewBridge Bancorp (NBBC:NASDAQ)
LAST $2.12 USD
CHANGE TODAY -0.37 -14.86%
VOLUME 31.0K
As of 3:59 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of NewBridge Bancorp (NBBC)
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OPEN
$2.32
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PREVIOUS CLOSE
$2.49
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DAY HIGH
$2.43
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DAY LOW
$2.12
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52 WEEK HIGH
12/1/08 - $3.25
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52 WEEK LOW
03/3/09 - $0.94
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MARKET CAP
33.2M
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AVERAGE VOLUME 3 mo
18.8K
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DILUTED EPS TTM
$-4.86
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SHARES OUTSTANDING
15.7M
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EX-DATE
10/31/08
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P/E TTM
NM
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DIVIDEND
--
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DIVIDEND YIELD
0.00%
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| K = Thousands M = Millions B = Billions | ||
NBBC Top Compensated Officers
Mr. Pressley A. Ridgill
Chief Executive Officer, President, Director,...
Age: 56
Total Annual Compensation: $349.6K
Mr. William W. Budd
Chief Credit Officer, Executive Vice Presiden...
Age: 46
Total Annual Compensation: $185.4K
Mr. Robin S. Hager
Executive Vice President of Human Resources, ...
Age: 46
Total Annual Compensation: $181.3K
Mr. David Barksdale
Chief Banking Officer of NewBridge Bank and E...
Age: 45
Total Annual Compensation: $187.5K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for NewBridge Bancorp (NBBC)
NewBridge Bancorp Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2009
10/28/2009
NewBridge Bancorp reported financial results for the third quarter and nine months ended September 30, 2009. For the three months ended September 30, 2009, net loss was $5.7 million and net loss available to common shareholders was $6.4 million, or $0.41 per diluted share, compared to net loss of $1.6 million, or $0.10 per diluted share, in the third quarter of 2008. Total interest income was $24.5 million against $28.3 million a year ago. Net interest income was $15.0 million against $15.3 million a year ago. Loss before income tax was $10.0 million against $2.3 million a year ago. Return on average assets was negative at 1.12% against 0.31% a year ago. Return on average equity was negative at 13.47% against 3.37% a year ago. Book value was $7.28 per share against $11.76 per share a year ago. For the nine months ended September 30, 2009, net loss was $15.2 million and net loss available to common shareholders was $17.4 million, or $1.11 per diluted share, compared to net income of $1.7 million, or $0.11 per diluted share, in the first nine months of 2008. Total interest income was $74.6 million against $89.9 million a year ago. Net interest income was $42.9 million against $49.1 million a year ago. Loss before income tax was $26.9 million against income before income tax of $2.5 million a year ago. Return on average assets was negative at 11.76% against return on average assets of 1.17% a year ago.
NewBridge Bancorp expected to Report Fiscal Year 2009 Results on February 1, 2010. This event was calculated by Capital IQ (Created on October 28, 2009).
10/28/2009
NewBridge Bancorp expected to Report Fiscal Year 2009 Results on February 1, 2010. This event was calculated by Capital IQ (Created on October 28, 2009).
NewBridge Bancorp Announces Employee Lay Offs
10/16/2009
NewBridge Bancorp is laying off employees.
NBBC Competitors
| Company | Last | Change |
| Center Bancorp Inc | $8.29 USD | +0.08 |
| First Mariner Bancorp | $0.85 USD | +0.10 |
| First National Community Bancorp Inc | $6.25 USD | +0.05 |
| First United Corp | $7.90 USD | -0.05 |
| Summit Financial Group, Inc. | $4.25 USD | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | NBBC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.0x |
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| Price/Book | 0.3x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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NBBC |
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NBBC transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent News About NewBridge Bancorp
More news for NBBC
NEWBRIDGE BANCORP Files SEC form 8-K, Other Events
Show all filings for NEWBRIDGE BANCORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for NEWBRIDGE BANCORP 9-Sep-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purpos...Click here to read the whole Article (external link)
NEWBRIDGE BANCORP Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. The discussion presented herein is intended to provide an overview of the changes in financial condition and results of operations during the time periods presented as required by Item 303 of Regulation S-K for NewBridge Bancorp ("Bancorp" or the "Company") and its wholly-owned subsidiary NewBridge Bank (the "Bank"). The consolidated financial statements also include the accounts and results of operations of the Bank's wholly-owned subsidiaries. This discussion and analysis is intended to complement the unaudited financial statements, notes and supplemental financial data in this Quarterly Report on Form 10-Q, and should be read in conjunction therewith. This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements represent expectations and beliefs of Bancorp including but not limited to Bancorp's operations, performance, financial condition, growth or strategies. These forward-looking statements are identified by words such as "expects", "anticipates", "should", "estimates", "believes" and variations of these words and other similar statements. For this purpose, any statements contained in this Quarterly Report on Form 10-Q that are not statements of historical fact may be deemed to be forward-looking statements. Readers should not place undue reliance on forward-looking statements as a number of important factors could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements involve estimates, assumptions, risks and uncertainties that could cause actual results to differ materially from current projections depending on a variety of important factors, including without limitation: (1) in October of 2008, the Emergency Economic Stabilization A...Click here to read the whole Article (external link)
Bullish and Bearish Takes on Regional Banks
67 WALL STREET, New York - October 10, 2009 - The Wall Street Transcript has just published its Northeast and Mid-Atlantic Regional Banks Report offering a timely review of the sector to serious investors and industry executives. This 121 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: Residential Mortgage Situation -- Regional Banks Mergers and Acquisitions Timing Strategy -- Commercial Mortgage Portfolio Decay -- Timing Of Commercial Mortgage Portfolio Bad Debt Write Offs-- FDIC Hit List For Bank Closings -- Mutual Holding Company Structure -- Interest Rate Scenarios -- Banking Pricing Power -- Expensive Bank Valuations -- Tangible Book As Guide For Bank Stock Pricing -- Distressed Sales Of Community and Regional Banks -- TARP Program -- Attitude Of Institutional Investors Towards Resurgence in Community Banking -- Unique Business Models -- Regional Bank Boards Looking For Exit Companies include: BB and T (BBT); Colonial (CNB); First Niagara (FNFG); PNC (PNC); National City (NCC-PA); Harleysville National (HNBC); Citizens First Bancorp (CTZN); Regions Financial (RF); Bank of America (BAC); SunTrust Banks (STI); Pinnacle Financial (PNFP); Northwest Bancorp Inc. (NWSB); Beneficial (BNCL); Investor Savings Bancorp (ISBC); Territorial Bancorp (TBNK); FNB Bancorp (FNBG.OB); National Penn (NPBC); Trustco Bank (TRST); KeyBank (KEY); M and T Bank (MTB); New York Community Bancorp (NYB); Bank of New York Mellon (BK); W...Click here to read the whole Article (external link)
NEWBRIDGE BANCORP Files SEC form 8-K, Change in Directors or Principal Officers
Show all filings for NEWBRIDGE BANCORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for NEWBRIDGE BANCORP 2-Oct-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, no...Click here to read the whole Article (external link)
NEWBRIDGE BANCORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Change in Directors or Principal Of
Show all filings for NEWBRIDGE BANCORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for NEWBRIDGE BANCORP 16-Sep-2009Entry into a Material Definitive Agreement, Change in Directors or Principal Of Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information pr...Click here to read the whole Article (external link)
NEWBRIDGE BANCORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Change in Directors or Principal Of
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT Executive Officer Compensation. On September 9, 2009, NewBridge Bancorp (the "Company"), its subsidiary, NewBridge Bank (the "Bank") and Pressley A. Ridgill, President and Chief Executive Officer of the Company and the Bank, executed an Employment and Change of Control Agreement (the "Employment Agreement"). The Employment Agreement, which becomes effective on January 1, 2010, will replace Mr. Ridgill's existing employment agreement. There follows a brief description of the terms and conditions of the Employment Agreement. Unless defined herein, capitalized terms shall have the meaning given them in the Employment Agreement, a copy of which is attached as Exhibit 99.1, and incorporated herein by reference. Notwithstanding any other provision of the Employment Agreement, for so long as the United States Department of the Treasury ("UST") holds shares of preferred stock of the Company, purchased by the UST under the Capital Purchase Program implemented under the Emergency Economic Stabilization Act of 2008, certain restrictions will apply, as provided for in Appendix A to the Employment Agreement. These restrictions cause many of the provisions of the Employment Agreement to be without effect, with the consequence that Mr. Ridgill may not receive incentive compensation, golden parachute payments or severance payments, except as specifically allowed by the American Recovery and Reinvestment Act of 2009 and interim final rules promulgated thereunder by the UST. Further, Mr. Ridgill has waived and released any and all claims, actions and claims for release and causes of action he has or may have against the Company and the Bank arising thereunder, until such time as the Company and the Bank are no longer subject to these restrictions. The Employment Agreement provides for Mr. Ridgill's employment as President and Chief Executive Officer of the Company and the Bank, with duties and responsibil...Click here to read the whole Article (external link)
NewBridge Bancorp Reports Third Quarter Financial Results
 FINANCIAL SUMMARY         Three Months Ended September 30, 2009 Three Months Ended September 30, 2008 AverageBalance Interest Income/Expense Average Yield/Rate AverageBalance Interest Income/Expense Average Yield/Rate (Fully...Click here to read the whole Article (external link)
NEWBRIDGE BANCORP Files SEC form 8-K, Other Events
Show all filings for NEWBRIDGE BANCORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for NEWBRIDGE BANCORP 15-Oct-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading pur...Click here to read the whole Article (external link)
NEWBRIDGE BANCORP Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
NEWBRIDGE BANCORP Files SEC form 10-Q, Quarterly Report
Item 2. "Management's Discussion and Analysis of Financial Condition and Results of Operations. The discussion presented herein is intended to provide an overview of the changes in financial condition and results of operations during the time periods presented as required by Item 303 of Regulation S-K for NewBridge Bancorp ("Bancorp" or the "Company") and its wholly-owned subsidiary, NewBridge Bank (the "Bank"). The consolidated financial statements also include the accounts and results of operations of the Bank's wholly-owned subsidiaries. This discussion and analysis is intended to complement the unaudited financial statements, notes and supplemental financial data in this Quarterly Report on Form 10-Q, and should be read in conjunction therewith. This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements represent expectations and beliefs of Bancorp including but not limited to Bancorp's operations, performance, financial condition, growth or strategies. These forward-looking statements are identified by words such as "expects", "anticipates", "should", "estimates", "believes" and variations of these words and other similar statements. For this purpose, any statements contained in this Quarterly Report on Form 10-Q that are not statements of historical fact may be deemed to be forward-looking statements. Readers should not place undue reliance on forward-looking statements as a number of important factors could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements involve estimates, assumptions, risks and uncertainties that could cause actual results to differ materially from current projections depending on a variety of important factors, including without limitation: (1) in October of 2008, the Emergency Economic St...Click here to read the whole Article (external link)
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