Oak Ridge Financial Services, Inc. Announces Second Quarter 2024 Results and Quarterly Cash Dividend of $0.12 Per Share
OAK RIDGE FINCL SVCS INC (BKOR)
US:NASDAQ Investor Relations:
snl.com/irw/corporateprofile/4160431
Company Research
Source: GlobeNewswire
OAK RIDGE, N.C., July 31, 2024 (GLOBE NEWSWIRE) -- Oak Ridge Financial Services, Inc. (“Oak Ridge”; or the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), announced unaudited financial results for the second quarter of 2024. Second Quarter 2024 Highlights Earnings per share of $0.46, compared to $0.50 for the prior quarter and $0.54 for the second quarter of 2023.Return on equity of 8.57%, compared to 9.31% for the prior quarter and 10.83% for the second quarter of 2023.Dividends declared per common share of $0.12, unchanged from the prior quarter and up 20% from the second quarter of 2023.Tangible book value per common share of $21.95 as of period end, compared to $21.56 at the end of the prior quarter, and $20.15 at the end of the comparable period in 2023.Net interest margin of 3.81% compared to 3.79% for the prior quarter and 3.86% for the second quarter of 2023.Efficiency ratio of 70.0%, compared to 68.3% for the prior quarter and 70.1% for t
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