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

First NBC Bank Holding Company Announces 2013 Second Quarter Results

NEW ORLEANS, July 30, 2013 (GLOBE NEWSWIRE) -- First NBC Bank Holding Company (Nasdaq:NBCB), the holding company for First NBC Bank ("Company"), today announced financial results for the three and six month periods ended June 30, 2013. Net income for the six months ended June 30, 2013 was $16.7 million, an increase of $1.3 million, or 8.4%, compared to the six months ended June 30, 2012. For the three months ended June 30, 2013, the Company reported net income of $8.5 million, compared to $9.2 million for the three month period ended June 30, 2012. The Company's operating results for the three and six months ended June 30, 2012 were affected by $1.8 million of securities gains taken during the second quarter of 2012, as the Company took advantage of market opportunities associated with the financial crises in Europe. Before securities gains, net income for the three month and six month periods ended June 30, 2013 was $8.5 million and $16.4 million, respectively, compared to $7.4 million and $13.6 million, for the three and six months ended June 30, 2012, reflecting increases of 14% and 20% for the three and six month periods. Earnings per common share for the three and six month periods ended June 30, 2013 were $0.50 and $1.09, as compared to $0.66 and $1.11 for the prior year three and six month periods. Diluted earnings per share for the three and six month periods ended June 30, 2013 were $0.48 and $1.06, as compared to $0.65 and $1.09 for the prior year three and six month periods. The 2013 earnings per share amounts were affected by the Company's initial public offering, which closed on May 15, 2013, in which it issued 4,791,667 shares at a price of $24.00 per share. The issuance of the new shares, the proceeds of which are expected to support the Company's continued asset and earnings growth, caused the reduction in earnings per share from the comparable periods from 2012 while not yet impacting the Company's earnings. The Company's return on assets and equity for the six months ended June 30, 2013 were 1.21% and 12.25%, respectively.

1 of 7

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

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs