NFSB Newport Bancorp, Inc. featured news, full reports, and detailed charts
Newport Bancorp, Inc. (NFSB) Wrap Up:
Newport Bancorp, Inc. (“Newport Bancorp” or the “Company”) is a Maryland chartered company established in March 2006 to become the holding company for Newport Federal Savings Bank (“Newport Federal” or the “Bank”). Newport Bancorp’s business activity is the ownership of the outstanding capital stock of Newport Federal. Newport Bancorp does not own or lease any property but instead uses the premises, equipment and other property of Newport Federal with the payment of appropriate rental fees, as required by applicable law and regulations, under the terms of an expense allocation agreement. In the future, Newport Bancorp may acquire or organize other operating subsidiaries; however, there are no current plans, arrangements, agreements or understandings, written or oral, to do so. Newport Federal is a federally chartered savings bank originally founded as a Rhode Island institution in 1888. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f24%2f0000914317-08-000845.html#FIS_BUSINESS"Newport Bancorp Inc. (NFSB:NASDAQ)
Snapshot of Newport Bancorp Inc. (NFSB)
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OPEN
$12.04
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PREVIOUS CLOSE
$12.00
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DAY HIGH
$12.04
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DAY LOW
$12.01
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52 WEEK HIGH
09/22/09 - $12.99
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52 WEEK LOW
04/7/09 - $11.00
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MARKET CAP
47.8M
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AVERAGE VOLUME 3 mo
1.6K
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DILUTED EPS TTM
$-0.25
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SHARES OUTSTANDING
4.0M
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NFSB Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
NFSB Top Compensated Officers
Executives, Board Directors
Key developments for Newport Bancorp Inc. (NFSB)
Newport Bancorp Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $225,000, or $0.06 per share (basic and diluted), compared to a net loss of $475,000, or a loss of $0.12 per share (basic and diluted) for the quarter ended September 30, 2008. Net interest income increased to $3.4 million from $3.0 million for the quarter ended September 30, 2008, an increase of 14.6%. The increase in net interest income was primarily due to an increase in interest earned on loans and securities and a decrease in interest expense on deposits, partially offset by increased expense from borrowings used to fund the asset growth. Income before income taxes was $342,000, compared to loss before income taxes of $417,000 for the same period last year. Total interest and dividend income was $5.7 million, compared to $5.3 million for the same period last year. Net interest income, after provision for loan losses was $3.2 million, compared to $2.8 million for the same period last year. For the nine months ended September 30, 2009, the company reported net income of $309,000, or $0.08 per share (basic and diluted), compared to a net loss of $239,000, or a loss of $0.06 per share (basic and diluted) for the nine months ended September 30, 2008. Net interest income was $9.8 million, compared to $8.9 million for the nine months ended September 30 2008, an increase of 10.5%. Income before income taxes was $526,000, compared to $93,000 for the same period last year. Total interest and dividend income was $17.3 million, compared to $16.0 million for the same period last year. Net interest income, after provision for loan losses was $9.4 million, compared to $8.5 million for the same period last year.
Newport Bancorp Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net income of $91,000 or $0.02 per basic and diluted share compared to $162,000 or $0.04 per basic and diluted share for the quarter ended June 30, 2008. Net interest income increased to $3.3 million from $3.1 million for the quarter ended June 30, 2008, an increase of 6.2%. Income before income taxes was $146,000 compared to $330,000 for the same period of last year. Total interest and dividend income was $5,836,000 compared to $5,402,000 for the same period of last year. For the six months, the company reported net income of $84,000 or $0.02 per basic and diluted share compared to $236,000 or $0.06 per basic and diluted share for the six months ended June 30, 2008. Net interest income was $6.4 million compared to $5.9 million for six months ended June 30, 2008, an increase of 8.4%. The increase in net interest income is primarily due to the increase in interest earned on loans and securities, partially offset by increased expense from borrowings. Income before income taxes was $184,000 compared to $510,000 for the same period of last year. Total interest and dividend income was $11,554,000 compared to $10,623,000 for the same period of last year.
Newport Bancorp Inc. reported earnings results for the first quarter ended March 31, 2009. For the quarter, the company reported a net loss of $7,000, compared to net income of $74,000, or $0.02 per share (basic and diluted), for the quarter ended March 31, 2008. Net interest income increased to $3.2 million for the quarter ended March 31, 2009 from $2.9 million for the quarter ended March 31, 2008, an increase of $307,000, or 10.8%. The increase in net interest income was primarily due to the increase in interest earned on loans and securities, due to an increase in average interest-earning assets, partially offset by a decrease in the yield on such assets and increased expense from borrowings used to fund the asset growth. Income before income taxes for the quarter was $38,000 against $180,000 for the same quarter last year.
NFSB Competitors
| Company | Last | Change |
| Central Bancorp Inc | $8.74 USD | +0.73 |
| Chicopee Bancorp Inc | $12.94 USD | +0.11 |
| Hampden Bancorp Inc | $10.85 USD | -0.1504 |
| Hingham Institution for Savings | $31.01 USD | -0.495 |
| LSB Corp | $10.76 USD | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | NFSB | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 3.1x |
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| Price/Book | 0.8x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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NFSB |
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NFSB transactions
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| No transactions in the last 6 months. | ||
More Recent News About Newport Bancorp, Inc.
More news for NFSB
NEWPORT BANCORP INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Show all filings for NEWPORT BANCORP INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for NEWPORT BANCORP INC 14-May-2009Other Events, Financial Statements and Exhibits 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 ...Click here to read the whole Article (external link)
NEWPORT BANCORP INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhib
Show all filings for NEWPORT BANCORP INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for NEWPORT BANCORP INC 27-Apr-2009Results of Operations and Financial Condition, Financial Statements and Exhib 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 provi...Click here to read the whole Article (external link)
NEWPORT BANCORP INC Financials
PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue6,381 6,229 6,175 5,973 Cost of Revenue1,205 1,207 1,230 1,226 Gross Profit5,176 5,022 4,945 4,747 Operating ExpensesResearch Development - - - - Selling General and Administrative3,574 3,370 3,165 3,396 Non Recurring - - 706 - Others101 262 (257)599 Total Operating Expenses - - - - Operating Income or Loss1,501 1,390 1,331 752 Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes1,501 1,390 1,331 752 Interest Expense1,355 1,352 1,276 1,169 Income Before Tax146 38 55 (417)Income Tax Expense55 45 664 58 Minority Interest - - - - Net Income From Continuing Ops91 (7)(609)(475)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - ...Click here to read the whole Article (external link)
NEWPORT BANCORP INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. Management's discussion and analysis of the financial condition and results of operations at and for the three and six months ended June 30, 2009 and 2008 is intended to assist in understanding the financial condition and results of operations of the Company. The information contained in this section should be read in conjunction with the unaudited consolidated financial statements and the notes thereto, appearing in Part I, Item 1 of this quarterly report on Form 10-Q. Forward-Looking Statements This report contains forward-looking statements that are based on assumptions and may describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project" or similar expressions. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company include, but are not limited to, changes in interest rates, national and regional economic conditions, legislative and regulatory changes, monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality and composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company's market area, changes in real estate market values in the Company's market area, and changes in relevant accounting principles and guidelines. Additional factors are discussed in the Company's 2008 Annual Report on Form 10-K under "Item 1A - Risk Factors" and in this Quarterly Report on Form 10-Q under "Part II; Item 1A -Risk Factors." These risks and uncertainties sho...Click here to read the whole Article (external link)
NEWPORT BANCORP INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhib
Show all filings for NEWPORT BANCORP INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for NEWPORT BANCORP INC 27-Jul-2009Results of Operations and Financial Condition, Financial Statements and Exhib 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 provi...Click here to read the whole Article (external link)
NEWPORT BANCORP INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. Management's discussion and analysis of the financial condition and results of operations at and for the three months ended March 31, 2009 and 2008 is intended to assist in understanding the financial condition and results of operations of the Company. The information contained in this section should be read in conjunction with the unaudited consolidated financial statements and the notes thereto, appearing in Part I, Item 1 of this quarterly report on Form 10-Q. Forward-Looking Statements This report contains forward-looking statements that are based on assumptions and may describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project" or similar expressions. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company include, but are not limited to, changes in interest rates, national and regional economic conditions, legislative and regulatory changes, monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality and composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company's market area, changes in real estate market values in the Company's market area, and changes in relevant accounting principles and guidelines. Additional factors are discussed in the Company's 2008 Annual Report on Form 10-K under "Item 1A - Risk Factors." These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed...Click here to read the whole Article (external link)
Northeast Community Banks Valuation And Upside: Have They Dodged The Bullet?
67 WALL STREET, New York - October 14, 2009 - The Wall Street Transcript has just published its Northeast & 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);...Click here to read the whole Article (external link)
Newport Bancorp, Inc. Reports Results for Third Quarter of 2009
CONSOLIDATED STATEMENTS OF OPERATIONS Â Â Â Â Â Three Months Ended September 30, Nine Months Ended September 30, 2009 2008 2009 2008 (Unaudited) (Dollars in thousands, except per share data) Â Interest and dividend income: Loans $ 5,084 $ 4,831 ...Click here to read the whole Article (external link)
NEWPORT BANCORP INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhib
Show all filings for NEWPORT BANCORP INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for NEWPORT BANCORP INC 22-Oct-2009Results of Operations and Financial Condition, Financial Statements and Exhib 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 provi...Click here to read the whole Article (external link)
NEWPORT BANCORP INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. Management's discussion and analysis of the financial condition and results of operations at and for the three and nine months ended September 30, 2009 and 2008 is intended to assist in understanding the financial condition and results of operations of the Company. The information contained in this section should be read in conjunction with the unaudited consolidated financial statements and the notes thereto, appearing in Part I, Item 1 of this quarterly report on Form 10-Q. Forward-Looking Statements This report contains forward-looking statements that are based on assumptions and may describe future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project" or similar expressions. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company include, but are not limited to, changes in interest rates, national and regional economic conditions, legislative and regulatory changes, monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality and composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company's market area, changes in real estate market values in the Company's market area, and changes in relevant accounting principles and guidelines. Additional factors are discussed in the Company's 2008 Annual Report on Form 10-K under "Item 1A - Risk Factors" and in this Quarterly Report on Form 10-Q under "Part II; Item 1A -Risk Factors." These risks and uncertainti...Click here to read the whole Article (external link)