Revenue Update on Suffolk Bancorp(NYSE:SCNB)

Suffolk Bancorp(NYSE:SCNB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $21.26M. Analysts estimated a revenue of $20.27M. Earnings per share were $0.48. Analysts had estimated an EPS of $0.41.

Suffolk Bancorp has also declared a cash dividend of $0.1000 on Jul 27, 2016. The shares will quote ex-dividend on Aug 8, 2016 and the record date has been fixed on Aug 10, 2016. The dividend payable date has been fixed on Aug 24, 2016.

Several Insider Transactions has been reported to the SEC. On May 26, 2016, Christopher J Hilton (EVP & Chief Credit Officer) purchased 14 shares at $24.19 per share price.Also, On May 26, 2016, James R Whitehouse (EVP) purchased 7 shares at $24.19 per share price.On May 26, 2016, Anita J Nigrel (EVP & Chief Retail Officer) purchased 2 shares at $24.19 per share price, according to the Form-4 filing with the securities and exchange commission.

Suffolk Bancorp (Suffolk) is a bank holding company for Suffolk County National Bank of Riverhead (the Bank). The Bank is a community bank which offers commercial and retail banking services to its customers. The Bank operates 26 branches in Nassau and Suffolk Counties New York and loan production offices in Garden City and Melville New York. The Bank makes commercial real estate floating and fixed rate loans multifamily and mixed use commercial loans primarily in the boroughs of New York City commercial and industrial loans to manufacturers wholesalers distributors developers/contractors and retailers and agricultural loans. The Bank investment securities consist of United States Government agency securities obligations of states and political subdivisions collateralized mortgage obligations mortgage-backed securities and Corporate bonds. The Bank finances its activities through deposits borrowings and proceeds from maturities and sales of securities.

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