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Heritage Bankshares Inc. Message Board

  • maine1964 maine1964 Feb 18, 2013 2:11 PM Flag

    Horrible Numbers in HBKS's Latest Q report.......Now Deregistering???????????

    Everything went in the wrong direction........Come over to MNRK, all numbers up significantly!!.
    From HBKS;
    The Company's net income for the fourth quarter of 2012 was $463,000 compared to $670,000 for the fourth quarter of 2011, a decrease of $207,000. Net income available to common shareholders was $412,000 for the fourth quarter of 2012, a decrease of $238,000 from net income available to common shareholders of $650,000 for the fourth quarter of 2011. Earnings per diluted common share were $0.18 for the fourth quarter of 2012 compared to $0.28 for the fourth quarter of 2011.

    Finally, we began the process of deregistering our stock with the Securities and Exchange Commission.

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    • LOL ... at least HBKS has real cash in the bank!

      • 1 Reply to barkingdog78
      • MNRK rocked in 2012.......
        "Non-performing assets hit their lowest level since 2008 with no foreclosed real estate owned at year-end. The market has responded to our standout performance with price appreciation in our common stock that, when combined with our dividend payments, produced a 30% annual shareholder return for 2012."

        Fourth quarter 2012 highlights are:

        Record 4th quarter net income of $3,768,373, up 93%
        Net income available to common shareholders up 126%
        Basic earnings per share of $0.44 up 100%
        $765 million in mortgage loans closed

        Full year 2012 highlights are:

        Record annual net income of $12,824,869, up 80%
        Net income available to common shareholders up 105%
        Basic earnings per share of $1.54, up 97%
        Total assets reach $1.21 billion mark
        Non-performing assets drop to 0.30% of total assets
        $2.7 billion in mortgage loans closed

 
HBKS
15.300.00(0.00%)Aug 28 3:14 PMEDT