This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

DNB Financial Corporation Reports Year-Over-Year Earnings Growth In First Quarter 2013

Highlights:

  • Net income available to common shareholders rose 16.8% to $1.14 million or $0.41 per diluted share at March 31, 2013, compared with $974,000 or $0.36 per diluted share at March 31, 2012, primarily reflecting interest expense reduction, a gain on sale of SBA 7(a) loans, non-interest income growth and a lower loan loss provision.  
  • Quarterly return on average assets was 0.74% and return on average equity was 8.32%.  
  • Total stockholders' equity was $57.66 million at March 31, 2013, up 10% from $52.43 million at March 31, 2012.  
  • Book value per common share rose 12% to $16.39 at March 31, 2013 from $14.61 at March 31, 2012.  
  • Total assets increased to $641.78 million in first quarter 2013 compared with $624.96 million in first quarter 2012 and $639.57 million at December 31, 2012.  
  • Total deposits increased to $537.54 million in first quarter 2013, compared with $515.06 million in first quarter 2012 and $530.42 million at year-end 2012, which contributed to the company's ability to replace higher-cost wholesale borrowings with core deposits to fund lending activities.  
  • Loans and leases were $402.03 million in first quarter 2013, an increase of $5.54 million, from $396.49 million at year-end 2012.  
  • Non-interest income, partially reflecting increased fee income created by 49% year-over-year growth in the bank's wealth management group's assets under care, was $993,000 compared with $922,000 in first quarter 2012.  
  • Tier 1 leverage ratio of 10.48% and Tier 1 risk-based capital ratio of 14.66% exceeded regulatory definitions for a well-capitalized institution.

DOWNINGTOWN, Pa., April 23, 2013 (GLOBE NEWSWIRE) -- DNB Financial Corporation (Nasdaq:DNBF), parent of DNB First, National Association, the oldest nationally-chartered community bank serving the greater Philadelphia region, reported net income available to common shareholders of $1.14 million or $0.41 per diluted share for the three months ended March 31, 2013, compared with $974,000 or $0.36 per diluted share for the same period in 2012.

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs