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The Board of Directors of Surrey Bancorp (SRYB) has declared a quarterly cash dividend of 10.5 cents ($0.105) per share. This dividend is set to be paid on January 10, 2022, to shareholders recorded by the close of business on December 17, 2021. President/CEO Ted Ashby cited the company’s strong financial condition and commitment to shareholder value as reasons for the dividend. Surrey Bancorp operates full-service branches in North Carolina and Virginia, continuing its focus on delivering financial stability and returns to investors.
Surrey Bancorp (SRYB) has declared a special cash dividend of $0.12 per share, payable on December 10, 2021, to shareholders of record by November 30, 2021. This decision reflects the company's strong financial condition and commitment to shareholder value, as stated by President/CEO Ted Ashby. Surrey Bancorp operates Surrey Bank & Trust across multiple locations in North Carolina and Virginia, ensuring a robust local banking presence.
Surrey Bancorp (Pink Sheets: SRYB) reported Q3 2021 earnings of $842,609, down from $1,052,172 in Q3 2020. The decrease in net interest income, from $3,084,814 to $2,872,567, was influenced by reduced loan fees from the Paycheck Protection Program and changes in asset mix. Noninterest income also fell 12.7% to $541,222. Total assets rose 11.4% to $473,754,080, while total deposits increased 12.8% to $415,241,266. Year-to-date net income reached $3,923,768, up from $3,079,747, largely due to gains from the insurance subsidiary sale.
The Board of Directors of Surrey Bancorp (SRYB) declared a quarterly cash dividend of $0.105 per share on August 18, 2021. This dividend is payable on October 8, 2021, to shareholders recorded as of September 17, 2021. CEO Ted Ashby emphasized that this decision reflects the company's strong financial position and commitment to enhancing shareholder value. Surrey Bancorp, the parent company of Surrey Bank & Trust, operates multiple branches across North Carolina and Virginia.
Surrey Bancorp (SRYB) reported a net income of $1,093,784, or $0.26 per share, for Q2 2021, up from $971,563, or $0.23 per share, in Q2 2020. This growth is driven by a rise in net interest income, from $2,877,332 in Q2 2020 to $3,270,663 in Q2 2021, attributed to increased interest income and reduced expenses. However, noninterest income fell by 24.9% due to the sale of its insurance subsidiary, resulting in a decline in insurance commissions. Total assets increased by 16.4% to $469,698,272, while total deposits rose 16.2% to $403,220,011.
The Board of Directors of Surrey Bancorp (SRYB) has announced a quarterly cash dividend of $0.105 per share on its common stock. This dividend is payable on July 9, 2021, to shareholders recorded as of the close of business on June 18, 2021. Ted Ashby, President/CEO, emphasized that the dividend reflects the Company's strong financial condition and commitment to enhancing shareholder value.
Surrey Bancorp (Pink Sheets: SRYB) reported a strong financial performance for Q1 2021, with net income of $1,987,375 ($0.48 per diluted share), up from $1,056,012 ($0.25 per diluted share) in Q1 2020. This growth is attributed to a gain of $858,778 from the sale of its insurance agency. Net interest income rose by 6.2% to $3,392,180 despite a drop in yields, driven by PPP loan fee recognition. Total assets increased 37.4% year-over-year, reaching $469.7 million, while total deposits surged by 43.4% to $413.3 million.
Surrey Bancorp (SRYB) reported strong fourth-quarter earnings of $1,498,414 or $0.36 per share, a significant increase from $1,129,170 or $0.27 per share in Q4 2019. This growth is attributed to a 13.0% rise in net interest income ($3,638,909), buoyed by $773,100 in PPP loan origination fees. Yearly net income declined 6.8% to $4,578,161 or $1.10 per share due to lower interest income and rising loan loss provisions ($689,853). Total assets rose 30.8% to $431,064,407, while deposits surged 35.5% to $374,442,946, reflecting strong financial stability amidst pandemic challenges.
Surrey Bancorp (Pink Sheets: SRYB) has announced a quarterly cash dividend of $0.105 per share, payable on April 9, 2021. Shareholders of record as of March 18, 2021 will receive the dividend. This decision reflects the Company's strong financial condition and commitment to enhancing shareholder value, according to CEO Ted Ashby.
Surrey Bancorp operates through several branches across North Carolina and Virginia, continuing to focus on delivering quality banking services.