Oak Ridge Financial Services, Inc. Announces Second Quarter 2019 Earnings, Quarterly Cash Common Dividend of $0.05 Per Share, and Share Repurchase Program
OAK RIDGE FINCL SVCS INC (BKOR)
US:NASDAQ Investor Relations:
snl.com/irw/corporateprofile/4160431
Company Research
Source: GlobeNewswire
OAK RIDGE, N.C., July 24, 2019 (GLOBE NEWSWIRE) -- Oak Ridge Financial Services, Inc. (“Oak Ridge”; the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), announced unaudited financial results for the second quarter of 2019, a quarterly cash common dividend of $0.05 per share, and the approval by the Company’s Board of Directors of a stock repurchase program. Second Quarter 2019 Highlights Basic earnings per share of $0.38 for the three months ended June 30, 2019, up $0.03, or 8.6%, from $0.35 for the same period in 2018; diluted earnings per share of $0.38 for the three months ended June 30, 2019, up $0.04, or 11.4%, from $0.34 for the same period in 2018Return on average common stockholders’ equity of 10.75% (annualized) for the three months ended June 30, 2019, compared to 11.42% (annualized) for the same period in 2018Period end loans of $383.3 million, up 3.1% (6.2% annualized) from December 31, 2018Period end deposits of $368.4 million, up 2.8%
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