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OXBC $9.30

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norweger1979   Tuesday, 02/23/16 06:20:50 PM
Re: malodious post# 56
Post # of 86 
OXBC $9.30

call report 2015 vs. 2014 showed improved Net Income of $1,521,000 vs $1,471,000. 2014 had an additional gain of $6,340,000 due to the realization of DTA.

call report 9/30/2015 showed under bank equity stock sale item line of 2,714,000 which showed 6,571,000 for 12/31/2015 which reflects the successful capital raising efforts management discussed late 2014/early 2015. Management had mentioned a "lead investor" to invest an additional $5 Million, which was supposed to close early 2015 ( I believe this shows it closed end of 2015)

Important to realize the capital raising efforts were successful and the new capital ratios for Oxford Bank are well above "well capilized" tresholds. The all important ratios as of 12/31/2015:
Common equity tier 1 ratio 12.54%
Tier 1 capital ratio 12.54%
Total capital ratio 13.81%
Tier 1 leverage ratio 9.12%

The capital increase will be reflected in additional O/S count which was 1,685,290 as of 9/30/2015 and will increase for year end (estimate around 475,000 depending on capital raise terms). The increased share count won't make EPS YoY comparision look too pretty so it's more important to focus on the total net income/earnings amounts, which are improving YoY.

Book value of $16.63 as of 9/30/2015 remains to be WELL above current market prices and OXBC remains profitable qtr. after qtr.

Waiting for the official 2015 year end results.

good luck

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