YAVY Yadkin Valley Financial Corporation featured news, full reports, and detailed charts
Yadkin Valley Financial Corporation (YAVY) Wrap Up:
Corporate history and address. Yadkin Valley Financial Corporation (the “Company” or “Yadkin”) is a bank holding company incorporated under the laws of North Carolina to serve as the holding company for Yadkin Valley Bank and Trust Company (the “Bank”), a North Carolina chartered commercial bank with its deposits insured by the Federal Deposit Insurance Corporation (“FDIC”) up to applicable limits. The Bank is not a member of the Federal Reserve System (“Federal Reserve”). The Bank began operations in 1968. Effective July 1, 2006 the Bank was reorganized and the Bank became the Company’s wholly owned subsidiary. On July 31, 2002, the Bank acquired Main Street BankShares, Inc. and its subsidiary, Piedmont Bank, of Statesville, North Carolina and continues to operate the former Piedmont Bank offices under the assumed name “Piedmont Bank, a division of Yadkin Valley Bank and Trust Company. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f31%2f0000950144-08-002486.html#FIS_BUSINESS"www.yadkinvalleybank.com
420 Employees
Founded in 1968
Yadkin Valley Financial Corp. (YAVY:NASDAQ)
LAST $3.85 USD
CHANGE TODAY +0.19 5.19%
VOLUME 45.1K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Yadkin Valley Financial Corp. (YAVY)
|
OPEN
$3.78
|
PREVIOUS CLOSE
$3.66
|
|
|
DAY HIGH
$3.90
|
DAY LOW
$3.70
|
|
|
52 WEEK HIGH
12/9/08 - $15.61
|
52 WEEK LOW
03/11/09 - $3.25
|
|
|
MARKET CAP
62.1M
|
AVERAGE VOLUME 3 mo
33.7K
|
|
|
DILUTED EPS TTM
$-5.38
|
SHARES OUTSTANDING
16.1M
|
|
|
YAVY Does Not Pay Dividends
|
P/E TTM
NM
|
|
| K = Thousands M = Millions B = Billions | ||
YAVY Top Compensated Officers
Mr. William A. Long
Chief Executive Officer, President, Executive...
Age: 62
Total Annual Compensation: $474.0K
Mr. Stephen S. Robinson
Chief Operating Officer, Executive Vice Presi...
Age: 60
Total Annual Compensation: $192.6K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Yadkin Valley Financial Corp. (YAVY)
Yadkin Valley Financial Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009 ; Records Goodwill Impairment Charge for the Third Quarter Ended September 30, 2009
10/22/2009
Yadkin Valley 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 loss to common shareholders of $68.7 million or $4.26 per diluted share. The net loss primarily reflects a goodwill impairment charge of $61.6 million to write off the majority of the Company's goodwill which has accumulated with each acquisition beginning in 2002. This charge is a non-cash accounting transaction that will not impact cash flows, liquidity, tangible capital ratios, and the company's ability to conduct business and is primarily due to the current state of the financial markets and Yadkin Valley's stock price performance during 2009. The remaining goodwill of $4.9 million at September 30, 2009 is related to the acquisition of Sidus Financial, LLC the company's mortgage subsidiary. Excluding the impact of the goodwill impairment charge, the net loss for the third quarter of 2009 was $7.1 million or $0.44 per diluted share. This compares to a net loss of $7.1 million or $0.46 per diluted share in the second quarter of 2009. Total interest income was $26.6 million compared to $19.4 million for the same period of last year. Net interest income was $18.4 million compared to $10.6 million for the same period of last year. Loss before income tax was $73 million compared to income before income tax of $2.6 million for the same period of last year. Book value per share as on date was $6.39 compared to $13.24 for the same period of last year. Loss on average assets was 12.62% compared to return on average assets of 0.49% for the same period of last year. Loss on average equity was 125.93% compared to return on average equity of 4.66% for the same period of last year. For the nine months, the company reported net loss to common shareholders of $80.7 million or $5.62 per diluted share on net interest income of $45.9 million from net income to common shareholders of $11.6 million or $1.08 per diluted share on net interest income of $31.4 million for the same period of last year. Total interest income was $70.1 million compared to $55.9 million for the same period of last year. Loss before income tax was $90.5 million compared to income before income tax of $17.3 million for the same period of last year. Loss on average assets was 5.42% compared to return on average assets of 0.64% for the same period of last year. Loss on average equity was 51.04% compared to return on average equity of 5.87% for the same period of last year. The company recorded goodwill impairment charge of $61.6 million to write off the majority of the company's goodwill for the third quarter ended September 30, 2009.
Yadkin Valley Financial Corp. expected to Report Fiscal Year 2009 Results on February 8, 2010. This event was calculated by Capital IQ (Created on October 22, 2009).
10/22/2009
Yadkin Valley Financial Corp. expected to Report Fiscal Year 2009 Results on February 8, 2010. This event was calculated by Capital IQ (Created on October 22, 2009).
Yadkin Valley Financial Corp., Q3 2009 Earnings Call, Oct-22-2009
10/19/2009
Yadkin Valley Financial Corp., Q3 2009 Earnings Call, Oct 22 2009
YAVY Competitors
| Company | Last | Change | |
| No competitor information is available for YAVY. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | YAVY | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 2.5x |
|
| Price/Book | 0.6x |
|
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
|
YAVY |
||
|
YAVY transactions
| Type Date |
Target |
|
Private Placement
July 24, 2009 |
-- |
More Recent News About Yadkin Valley Financial Corporation
More news for YAVY
Yadkin Valley gets $240K for loan program
ONLINE: home | business news | small business | sales & marketing | real estate | events | community | careers | city guide | advertise | about us | rss PRINT: subscribe | renew | advertise | book of lists | business intelligence | classifieds | ...Click here to read the whole Article (external link)
Yadkin Valley Financial Corporation Announces Third Quarter 2009 Results
ELKIN, NC--(Marketwire - 10/22/09) - Yadkin Valley Financial Corporation (NASDAQ:YAVY - News) Third Quarter Financial Highlights:� -- Tier 1, tier 1 risk based capital, and total risk based capital ratios of 7.83%, 9.31%, and 10.53%, respectively for the bank holding company as reported to the Federal Reserve -- Provision for loan losses of $18.3 million, an increase of $1.8 million compared to the second quarter 2009 -- Loan loss reserves increased to 3.21% of total gross loans or 3.30% of total loans held for investment, compared to 2.62% of total gross loans or 2.82% of total loans held for investment in the second quarter 2009 -- Nonperforming loans increased to 2.70% of total gross loans from 1.82% in the second quarter 2009 -- Nonperforming assets increased to 2.68% of total assets from 1.84% in the second quarter 2009 -- Net charge-offs increased to $10.3 million or 2.39% of average loans on an annualized basis, compared to $1.1 million or 0.27% on an annualized basis in the second quarter 2009 -- Net interest margin was 3.82%, an increase of six basis points compared to 3.76% in the second quarter -- Net loss of $68.7 million or $4.26 per diluted share (including preferred dividends), which includes a non-cash goodwill impairment charge of $61.6 million -- Excluding the goodwill impairment charge, the third quarter net loss was $7.1 million or $0.44 per diluted share Yadkin Valley Financial Corporation (NASDAQ:...Click here to read the whole Article (external link)
Q3 2009 Yadkin Valley Bank and Trust Company Earnings Release - Time Not Supplied
Earnings Announcements for Thursday, October 22CompanySymbolTimeConferenceCall1-800-FLOWERS.COMFLWSBefore Market Open1st SourceSRCEAfter Market Close3M CompanyMMMBefore Market OpenAcacia Research CorporationACTGAfter Market CloseListenAffiliated Computer ServicesACSAfter Market CloseAkeena SolarAKNSBefore Market OpenAker SolutionsAKSO.OL02:00 am ETAlaska Air Group, Inc.ALKBefore Market OpenListenAlexion PharmaceuticalsALXNBefore Market OpenAlign TechnologyALGN4:00 pm ETAmadeus Fire AGAAD.FTime Not SuppliedAmazon.com, Inc.AMZNAfter Market CloseListenAmerican Express CompanyAXPAfter Market CloseListenAmerican River BanksharesAMRBTime Not SuppliedAmSurgAMSG4:00 pm ETListenAssociated Banc-CorpASBC1:00 pm ETAT&TTBefore Market Open...Click here to read the whole Article (external link)
Yadkin Valley Bank books $68.7M loss
Yadkin Valley Financial Corp., parent company of Yadkin Valley Bank and Trust, booked a net loss of $68.7 million in the third quarter, most of which came from a $61.6 million write-down in the value of goodwill from previous acquisitions. Goodwill is a measure of the difference between the price paid for an acquisition and the value of its tangible assets. Intangible assets such as brand loyalty and employee morale can be components of goodwill. Yadkin Valley chose to write off the value of almost all the goodwill that had been on the books from acquisitions in recent years to more accurately reflect current market conditions, said CEO Bill Long. "As time progressed and bank stock valuations did not recover, we were compelled to evaluate our goodwill under the assumption that our share price would not recover from this unprecedented economic environment as quickly as we had originally anticipated," Long said. "Accordingly, the goodwill impairment charge was necessary given the prolonged downturn in the economy." Excluding the goodwill impairment, Yadkin Valley had a net loss in the third quarter of $7.1 million, even with the net loss from the second quarter and down from a profit of $1.7 million a year earlier. Nonperforming loans on the bank's books increased by $13.7 million to $45.7 million or 2.7 percent of total gross loans, from 1.82 percent in the second quarter. Most of the new problem loans were in commercial real estate and land development, the bank said. As of Sept. 30, the bank had total assets of $2.05 billion, up from $1.47 billion a year earlier. ...Click here to read the whole Article (external link)
YADKIN VALLEY FINANCIAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements
ITEM 2.02. Results of Operations and Financial Condition Elkin, NC - October 22, 2009 - Yadkin Valley Financial Corporation (NASDAQ: YAVY), the holding company for Yadkin Valley Bank and Trust Company, announced financial results for the third quarter ended September 30, 2009. The Company reported a net loss to common shareholders of $68.7 million or $4.26 per diluted share. The net loss primarily reflects a goodwill impairment charge of $61.6 million to write off the majority of the Company's goodwill which has accumulated with each acquisition beginning in 2002. This charge is a non-cash accounting transaction that will not impact cash flows, liquidity, tangible capital ratios, and the Company's ability to conduct business and is primarily due to the current state of the financial markets and Yadkin Valley's stock price performance during 2009. The remaining goodwill of $4.9 million at September 30, 2009 is related to the acquisition of Sidus Financial, LLC, the Company's mortgage subsidiary. Excluding the impact of the goodwill impairment charge, the net loss for the third quarter of 2009 was $7.1 million or $0.44 per diluted share. This compares to a net loss of $7.1 million or $0.46 per diluted share in the second quarter of 2009. A copy of the press release issued by Yadkin Valley Financial Corporation dated October 22, 2009 announcing financial results for the quarter ending September 30, 2009 is attached hereto. About Yadkin Valley Financial Corporation Yadkin Valley Financial Corporation is the holding company for Yadkin Valley Bank and Trust Company, a full service community bank providing services in 42 branches throughout its five regions primarily in North Carolina. The Yadkin Valley Bank region serves Ashe, Forsyth, Surry, Wilkes, and Yadkin Counties. The Piedmont Bank region serves Iredell and Mecklenburg Counties. The High Country Bank region serves Avery and Watauga Counties. The Cardinal State Bank region serves Durham, Orange, and Granville Coun...Click here to read the whole Article (external link)
Yadkin Valley Bank posts $68.7M loss
ONLINE: home | business news | small business | sales & marketing | real estate | events | community | careers | city guide | advertise | about us | rss PRINT: subscribe | renew | advertise | book of lists | business intelligence | classifieds | ...Click here to read the whole Article (external link)
YADKIN VALLEY FINANCIAL CORP Financials
YAVY: Income Statement for Yadkin Valley Financial Corpora - Yahoo! Finance #screen,#masthead{text-align:center;margin:0;width:752px;} #screen.xpand,#masthead.xpand{width:100%;} #screen.xpand #yfncsubtit{width:100%;} #masthead{padding-bottom:12px;} #leftcol,#rightcol{margin:0;} #leftcol{width:155px;float:left;} #rightcol{width:585px;} #content{width:752px;} #footer {clear:both;} /*/*/ body{text-align:center;} #screen{text-align:left;min-width:700px;width:62.5em;width:expression( document.all.footer ? (document.all.footer.offsetWidth>1000) ? '980'+'px' : document.all.footer.offsetWidth :'62.5'+'em') ;margin:auto;border:1px solid #FFF;} #screen.xpand{width:100%; text-align:center} #portfolio{margin:10px auto;} #hdrads{margin:10px auto 0 auto;} #masthead,#leftcol,#rightcol{margin:0;} #masthead{width:100%;} #leftcol{float:left;width:18%;} #rightcol{float:right;width:80%;} #content{width:100%;} #footer{clear:both;text-align:center;padding:10px 0;width:60em;margin:auto;border:0px solid #FFF;} #leftNavTable,#yfncmh,#yfncmkttme,#yfncduplgnwrn,#yfncpsnlbar,#yfnctitbar,#y fncsubtit,#yfncbrobtn,#yfncsumtab, .yfnc_systitlelinea1,.yfnc_systitlelineb1,.yfnc_modtitlew1{ width:100%;} #yfncmh{width:100%;} .yfncsumdatagrid{background:#DCDCDC;width:100%;} .yfnc_modtitlew2{width:49%;} /**/ .yfncnhl{color:#666;margin-bottom:10px;} .yfncnhl .yfncnhlbl{color:#000;width:1.6em;text-align:center;} .yfncnhl .yfncnhltt{color:#000;width:50px;padding-top:2px;} .yfncnhltt { position: relative; } .yfncnhltt a { position: relative; display: block; /* opera */ width: 42px; height: 31px; } .yfncnhltt img { border: 0; } .yfncnhltt img.video_play { position: absolute; bottom: 2px; left: 2px; width: 13px; height: 14px; } #yfiunv table td, #yfiadvdec table td { width: 1%; } #yfiunv table td.name, #yfiadvdec table th.first, #yfiadvdec table td.first { width: 10%; white-space: normal; } #leftcol{display:none;} #rightcol{display:block;} {"tt" : "1258...Click here to read the whole Article (external link)
YADKIN VALLEY FINANCIAL CORP Files SEC form 8-K/A, Completion of Acquisition or Disposition of Assets, Financial Stat
Show all filings for YADKIN VALLEY FINANCIAL CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K/A for YADKIN VALLEY FINANCIAL CORP 5-Nov-2009Completion of Acquisition or Disposition of Assets, Financial Stat 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 informat...Click here to read the whole Article (external link)
Would you like to leave a comment about Yadkin Valley Financial Corporation YAVY
Find out what social network information about Yadkin Valley Financial Corporation are available on RealpenniesWorst 5 - Click here to find out what stocks have been voted down by our visitors and users
Besides Yadkin Valley Financial Corporation there is more great information available at Realpennies.com