SOCB Southcoast Financial Corporation featured news, full reports, and detailed charts
Southcoast Financial Corporation (SOCB) Wrap Up:
Southcoast Financial Corporation (the "Company") is a South Carolina corporation organized in 1999 under the laws of South Carolina for the purpose of being a holding company for Southcoast Community Bank (the "Bank"). On April 29, 1999, pursuant to a Plan of Exchange approved by the shareholders, all of the outstanding shares of capital stock of the Bank were exchanged for shares of common stock of the Company and the Company became the owner of all of the outstanding capital stock of the Bank. The Company presently engages in no significant business other than that of owning the Bank and has no employees. The Bank is a South Carolina state bank incorporated in June, 1998, which commenced operations as a commercial bank in July, 1998. The Bank operates from its offices in Mt. Pleasant, Charleston, Moncks Corner, Johns Island, Summerville, Goose Creek and North Charleston, South Carolina. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f07%2f0000948520-08-000017.html#FIS_BUSINESS"www.southcoastbank.com
101 Employees
Founded in 1998
Southcoast Financial Corp. (SOCB:NASDAQ)
LAST $3.50 USD
CHANGE TODAY +0.21 6.38%
VOLUME 2.1K
As of 3:34 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Southcoast Financial Corp. (SOCB)
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OPEN
$3.77
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PREVIOUS CLOSE
$3.29
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DAY HIGH
$3.80
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DAY LOW
$3.25
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52 WEEK HIGH
04/30/09 - $7.38
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52 WEEK LOW
11/2/09 - $1.08
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MARKET CAP
15.9M
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AVERAGE VOLUME 3 mo
1.5K
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DILUTED EPS TTM
$-0.13
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SHARES OUTSTANDING
4.5M
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SOCB Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
SOCB Top Compensated Officers
Mr. L. Wayne Pearson
Chairman, Chief Executive Officer, President,...
Age: 61
Total Annual Compensation: $350.2K
Mr. William C. Heslop
Chief Financial Officer, Principal Accounting...
Age: 33
Total Annual Compensation: $110.3K
Mr. William B. Seabrook
Executive Vice President, Head of Retail Bank...
Age: 52
Total Annual Compensation: $231.5K
Mr. Robert A. Daniel Jr.
Executive Vice President, Chief Lending Offic...
Age: 58
Total Annual Compensation: $198.5K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Southcoast Financial Corp. (SOCB)
Southcoast Financial Corp. expected to Report Fiscal Year 2009 Results on February 1, 2010. This event was calculated by Capital IQ (Created on November 13, 2009).
11/13/2009
Southcoast Financial Corp. expected to Report Fiscal Year 2009 Results on February 1, 2010. This event was calculated by Capital IQ (Created on November 13, 2009).
Southcoast Financial Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
10/27/2009
Southcoast Financial Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $304,000, or $0.07 per basic share compared to the net loss of $889,000, or $0.20 per basic share for the quarter ended September 30, 2008. The company reported total operating income of $3.5 million, income before tax of $0.3 million on the net interest income of $3.4 million against total operating income of $2.4 million, loss before tax of $1.5 million on the net interest income of $3.8 million for the same period a year ago. For the nine months, net income was $1,029,000, or $0.23 per basic share, compared to $625,000, or $0.13 per basic share, for the same period in 2008. Return on assets was 0.27% against 0.16% for the same period a year ago. Return on equity was 2.48% compared to 1.41% for the same period a year ago. Book value per share was $12.25 compared to $12.14 for the same period a year ago. The company reported total operating income of $11.9 million, income before tax of $1.0 million on the net interest income of $10.1 million against total operating income of $10.4 million, income before tax of $0.4 million on the net interest income of $11.3 million for the same period a year ago.
Southcoast Financial Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2009
07/30/2009
Southcoast Financial Corp. reported unaudited consolidated earnings results for the second quarter ended June 30, 2009. For the quarter, the company reported net income of $422,000 or $0.09 per diluted share. This compares to unaudited net income of $770,000 or $0.17 per diluted share for the quarter ended June 30, 2008. Second quarter 2009 earnings were reduced by the special FDIC assessment during the quarter in the amount of $230,000. Income before taxes was $460,000 against $975,000 in the same period of previous year. Total operating income was $4,530,000 against $4,075,000 in the same period of previous year. For the six months ended June 30, 2009, the company reported net income of $725,000 or $0.16 per diluted share on net interest income of $6,630,000 compared to net income of $1,514,000 or $0.32 per diluted share on net interest income of $7,543,000 in the same period of previous year. Income before taxes was $719,000 against $1,918,000 in the same period of previous year. Total operating income was $8,359,000 against $7,941,000 in the same period of previous year. Book value per share as at June 30, 2009 was $11.99 against $12.50 as at June 30, 2008.
SOCB Competitors
| Company | Last | Change |
| Britton and Koontz Capital Corp | $11.14 USD | +0.04 |
| First Bancshares Inc (MS) | $7.30 USD | 0.00 |
| Mountain National Bancshares Inc | $9.00 USD | 0.00 |
| Tennessee Commerce Bancorp Inc | $4.18 USD | -0.22 |
| United Bancorporation of Alabama Inc | $5.00 USD | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | SOCB | Industry Range |
| Price/Earnings | 25.6x |
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| Price/Sales | 0.9x |
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| Price/Book | 0.3x |
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| Price/Cash Flow | 25.6x |
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| TEV/Sales | NM | Not Meaningful |
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SOCB |
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SOCB transactions
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Target | |
| No transactions in the last 6 months. | ||
More Recent News About Southcoast Financial Corporation
More news for SOCB
Southcoast Announces First Quarter Earnings
MT. PLEASANT, S.C., April 28, 2009 (GLOBE NEWSWIRE) -- Southcoast Financial Corporation (NasdaqGM:SOCB - News) announced that it had unaudited net income of $303,000, or $.07 per basic share, for the quarter ended March 31, 2009. This compares to unaudited net income of $744,000, or $0.16 per basic share, for the quarter ended March 31, 2008. The March 31, 2009 earnings per share are based on 4,521,890 basic average shares compared to 4,792,108 average shares for the first quarter of 2008. President and Chief Executive Officer L. Wayne Pearson said, ``We recognize the challenging times we live in. Despite these challenging times, our regulatory capital remains strong,'' said Pearson.Total assets as of March 31, 2009 were $529.1 million compared to $525.9 million as of March 31, 2008; an increase of 0.6%. Loans, excluding loans held for sale, increased to $391.6 million, up 1.6% from $385.3 million as of March 31, 2008. Deposits during the same period increased 5.1% to $373.3 million. As of March 31, 2009, the ratio of nonperforming assets to total assets was 2.97% and the allowance for loan losses as a percentage of loans was 1.71%. Southcoast Financial Corporation SELECTED FINANCIAL DATA (dollars in thousands, except earnings per share) Three Months Ended March 2009 March 2008 (Unaudited) INCOME STATEMENT DATA Net interest income $ 3,288 $ 3,453 Pro...Click here to read the whole Article (external link)
SOUTHCOAST FINANCIAL CORP Files SEC form 8-K, Change in Directors or Principal Officers
Show all filings for SOUTHCOAST FINANCIAL CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for SOUTHCOAST FINANCIAL CORP 26-Jun-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...Click here to read the whole Article (external link)
SOUTHCOAST FINANCIAL CORP Files SEC form 8-K, Change in Directors or Principal Officers
Show all filings for SOUTHCOAST FINANCIAL CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for SOUTHCOAST FINANCIAL CORP 27-May-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...Click here to read the whole Article (external link)
SOUTHCOAST FINANCIAL CORP Files SEC form 10-Q, Quarterly Report
Item 2. - Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion and analysis should be read in conjunction with the financial statements and related notes appearing herein and in the Company's Annual Report on Form 10-K for the year ended December 31, 2008. Results of operations for the period ending March 31, 2009 are not necessarily indicative of the results to be attained for any other period. This Report on Form 10-Q may contain forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products and similar matters. All statements that are not historical facts are "forward-looking statements." The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with terms of the safe harbor, the Company notes that a variety of factors could cause the Company's actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company's forward-looking statements. Forward-looking statements include statements with respect to management's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, and which may cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. These forward-looking statements can be identified through use of words such as "may," "will," "anticipat...Click here to read the whole Article (external link)
SOUTHCOAST FINANCIAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Other Events
Show all filings for SOUTHCOAST FINANCIAL CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for SOUTHCOAST FINANCIAL CORP 4-May-2009Results of Operations and Financial Condition, Other 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...Click here to read the whole Article (external link)
SOUTHCOAST FINANCIAL CORP Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for SOUTHCOAST FINANCIAL CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for SOUTHCOAST FINANCIAL CORP 27-Oct-2009Results of Operations and Financial Condition 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 informati...Click here to read the whole Article (external link)
SOUTHCOAST FINANCIAL CORP Financials
PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue8,140 7,373 8,758 10,744 Cost of Revenue2,211 2,474 2,837 1,357 Gross Profit5,929 4,899 5,921 9,387 Operating ExpensesResearch Development - - - - Selling General and Administrative3,876 3,570 3,459 3,921 Non Recurring193 - (2,878)2,878 Others450 100 4,732 1,484 Total Operating Expenses - - - - Operating Income or Loss1,409 1,229 608 1,103 Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes1,409 1,229 608 1,103 Interest Expense949 971 1,023 2,615 Income Before Tax460 259 (415)(1,512)Income Tax Expense39 (44)(6)(623)Minority Interest - - - - Net Income From Continuing Ops422 303 (409)(889)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - - ...Click here to read the whole Article (external link)
SOUTHCOAST FINANCIAL CORP Files SEC form 10-Q, Quarterly Report
Item 2. - Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion and analysis should be read in conjunction with the financial statements and related notes appearing herein and in the Company's Annual Report on Form 10-K for the year ended December 31, 2008. Results of operations for the period ending June 30, 2009 are not necessarily indicative of the results to be attained for any other period. This Report on Form 10-Q may contain forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products and similar matters. All statements that are not historical facts are "forward-looking statements." The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with terms of the safe harbor, the Company notes that a variety of factors could cause the Company's actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company's forward-looking statements. Forward-looking statements include statements with respect to management's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, and which may cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. These forward-looking statements can be identified through use of words such as "may," "will," "anticipate,&...Click here to read the whole Article (external link)
SOUTHCOAST FINANCIAL CORP Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for SOUTHCOAST FINANCIAL CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for SOUTHCOAST FINANCIAL CORP 30-Jul-2009Results of Operations and Financial Condition 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 informati...Click here to read the whole Article (external link)
SOUTHCOAST FINANCIAL CORP Files SEC form 10-Q, Quarterly Report
Item 2. - Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion and analysis should be read in conjunction with the financial statements and related notes appearing herein and in the Company's Annual Report on Form 10-K for the year ended December 31, 2008. Results of operations for the period ending September 30, 2009 are not necessarily indicative of the results to be attained for any other period. This Report on Form 10-Q may contain forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products and similar matters. All statements that are not historical facts are "forward-looking statements." The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with terms of the safe harbor, the Company notes that a variety of factors could cause the Company's actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company's forward-looking statements. Forward-looking statements include statements with respect to management's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, and which may cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. These forward-looking statements can be identified through use of words such as "may," "will," &quo...Click here to read the whole Article (external link)
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