New Century Bancorp, Inc. (NC) (NCBC) news stock charts
New Century Bancorp, Inc. (NC) (NCBC) Investment Summary:
New Century Bancorp, Inc. (the “Registrant”) was incorporated under the laws of the State of North Carolina on May 14, 2003, at the direction of the Board of Directors of New Century Bank, for the purpose of serving as the bank holding company for New Century Bank and became the holding company for New Century Bank on September 19, 2003. To become New Century Bank’s holding company, the Registrant received the approval of the Federal Reserve Board as well as New Century Bank’s shareholders. Upon receiving such approval, each share of $5.00 par value common stock of New Century Bank was exchanged on a one-for-one basis for one share of $1.00 par value common stock of the Registrant. The Registrant operates for the primary purpose of serving as the holding company for its subsidiary depository institutions, New Century Bank and New Century Bank of South (collectively, the “Banks”). ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f31%2f0001193125-08-071266.html#FIS_BUSINESS"NEW CENTURY BANCORP INC (NCBC:NASDAQ)
Snapshot of NEW CENTURY BANCORP INC (NCBC)
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OPEN
$5.01
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PREVIOUS CLOSE
$5.00
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DAY HIGH
$5.09
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DAY LOW
$5.00
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52 WEEK HIGH
06/16/09 - $7.67
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52 WEEK LOW
12/16/09 - $3.81
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MARKET CAP
34.8M
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AVERAGE VOLUME 10 D
4.8K
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EPS TTM
$-0.38
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SHARES OUTSTANDING
6.8M
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NCBC Does Not Pay Dividends
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P/E TTM
--
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| K = Thousands M = Millions B = Billions | ||
Key developments for NEW CENTURY BANCORP INC (NCBC)
New Century Bancorp Inc. reported earnings results for the fourth quarter and year ended December 31, 2009. For the quarter, the company reported net interest income of $5,557,000 against $4,357,000 last year. Loss before income taxes was $8,087,000 against $1,153,000 last year. Net loss was $8,228,000 against $666,000 last year. Diluted loss per share was $1.20 against $0.10 per diluted share last year. Book value per share was $7.96 against $9.17 per share last year. Negative return on average assets was 5.09% against 0.43% last year. Negative return on average equity was 51.24% against 4.27% last year. For the year, the company reported net interest income of $19,739,000 against $17,861,000 last year. Loss before income taxes was $8,514,000 against $432,000 last year. Net loss was $8,441,000 against $193,000 last year. Diluted loss per share was $1.24 against $0.03 per diluted share last year. Book value per share was $7.96 against $9.17 per share last year. Negative return on average assets was 1.34% against 0.03% last year. Negative return on average equity was 13.28% against 0.31% last year. The company reported goodwill impairment charges of $8,674,000.
New Century Bancorp Inc. announced its financial results for the fourth quarter of 2009 with a net loss of $0.8 million. The company plans to look at acquisition opportunities. Chairman and Chief Executive Officer of the company, Jay Sidhu said: "The bank is very well positioned to take advantage of organic growth opportunities; FDIC assisted transactions and disciplined acquisition opportunities in our market." He added: "The Bank continues to aggressively manage our non-performing loans and enhance our deposit franchise. The economy remains weak so we remain cautious with lending."
New Century Bancorp Inc. reported earnings results for the third quarter and nine months ended September 30, 2009. The bank reported a net loss for the quarter ended September 30, 2009, of $369,000 compared to net income of $159,000 for the same period in 2008. Basic and diluted net loss per share was $0.05 for third quarter 2009 compared to income per share of $0.02 for third quarter 2008. Net interest income was $5,053,000 compared to $4,635,000 of previous year period. Book value per share was $9.22 against $9.03 for the same period last year. Tangible book value per share was $7.82 compared to $7.61 for the comparable period last year. Return on average assets was negative at 0.23% against positive 0.11% for the same period a year ago. Return on average equity was negative at 2.30% against positive 1.02% for the same period last year. The company reported loss before income tax of $587,000 compared to the income before income taxes of $252,000 for the same period a year ago. For the nine month period ended the same date, the company reported a net loss of $214,000 compared to net income of $473,000 for the same period in 2008. Basic and diluted net loss per share was $0.03 for the first nine months of 2009 compared to income per share of $0.07 for the first nine months of 2008. Impacting income for the first nine months of 2009, were two previously reported unusual items: a special insurance premium assessment of $286,000 from the Federal Deposit Insurance Corporation (the assessment was levied against all banks), and a one-time permanent impairment charge of $51,000 from investment in the stock of the parent company of Silverton Bank, Atlanta, GA. Net interest income was $14,181,000 compared to $13,504,000 of previous year period. Loss before income taxes was $428,000 compared to income of $721,000 for the same period last year. Book value per share was $9.22 against $9.03 of previous year period. Tangible book value per share was $7.82 compared to $7.61 for the same period a year ago. Return on average assets was negative at 0.05% compared to positive 0.11% for the same period last year. Return on average equity was negative at 0.45% against positive 1.01% of previous year period.
New Century Bancorp, Inc. (NC) financial resources
NCBC Competitors
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| No competitor information is available for NCBC. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | NCBC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 2.1x |
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| Price/Book | 0.6x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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NCBC |
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NCBC transactions
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| No transactions in the last 6 months. | ||
More Recent Financial News About New Century Bancorp, Inc. (NC)
New Century Bancorp Reports Third Quarter 2009 And Year-to-Date Results
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New Century Bancorp Reports Third Quarter 2009 And Year-to-Date Results
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