Vmbook Online ordering
Hudson Valley Holding Corp
I am not a stock trading expert, but I can provide you with some general information about Regional Northeast Banks (HVB) based on publicly available data. It's essential to conduct thorough research and consider seeking advice from a financial advisor before making investment decisions.
Company Name: Regional Northeast Banks, Inc.
Ticker Symbol: HVB
Exchange: OTC Markets (OTCQX)
Regional Northeast Banks is a Massachusetts-based bank holding company that operates several full-service banking offices in northeastern Massachusetts and southern New Hampshire. The company offers a range of financial products and services to individuals, businesses, and municipalities.
Stock Information (as of [2022-06-05]):
* Market Cap: $76.18M
* P/E Ratio: 10.71
* EPS: $1.89
* Dividend Yield: 1.99%
Historical Financial Overview (fiscal year ending December 31):
* 2021 Revenue: $108.9M ( Increase of 12.7% compared to 2020)
* 2021 Net Income: $13.2M (Increase of 20.2% compared to 2020)
* 2021 Return on Equity: 7.93% (Increase of 0.6% compared to 2020)
Recent Earnings Release (Q1 2022):
* Q1 2022 Net Income: $3.6M (Increase of 1.5% compared to Q1 2021)
Growth Summary (as of Q1 2022 compared to Q1 2021):
* Total Assets: $1.25B (+2.2%)
* Total Loans: $795.9M (+2.9%)
* Total Deposits: $1.1B (+2.2%)
Earnings Call Summary (Q1 2022):
* Net interest margin increase due to higher interest rates
* Decreased loan loss provisions as a result of improving economic conditions
* Expenses increased due to hires, technology investments, and the Employee Retention Credit
While the bank has shown consistent revenue growth and increased net income over the past few years, it's crucial to carry out detailed research, consider investing in a diversified portfolio, and consult a financial advisor before making any investment decisions. Please review the annual and quarterly reports and related documents for updated and detailed information on the company's performance and risk factors.