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Salisbury Bancorp Inc   (SAL)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $27.8800 $0.43 1.566%
Day's High: $28.29 Week Perf: 1.23 %
Day's Low: $ 27.71 30 Day Perf: 12.6 %
Volume (M): 28 52 Wk High: $ 28.34
Volume (M$): $ 772 52 Wk Avg: $24.77
Open: $27.71 52 Wk Low: $19.89



 Market Capitalization (Millions $) 158
 Shares Outstanding (Millions) 6
 Employees 158
 Revenues (TTM) (Millions $) 53
 Net Income (TTM) (Millions $) 15
 Cash Flow (TTM) (Millions $) -17
 Capital Exp. (TTM) (Millions $) 0

Salisbury Bancorp Inc
Salisbury Bancorp, Inc., a Connecticut corporation, formed in 1998, is the bank holding company for Salisbury Bank and Trust Company (the "Bank"), a Connecticut-chartered and Federal Deposit Insurance Corporation (the "FDIC") insured commercial bank headquartered in Lakeville, Connecticut. Salisbury’s common stock is traded on the NASDAQ Capital Market under the symbol “SAL.” Salisburys principal business consists of its operation and control of the business of the Bank.

The Bank, formed in 1848, currently provides commercial banking, consumer financing, retail banking and trust and wealth advisory services through a network of thirteen banking offices and nine ATMs located in: Litchfield County, Connecticut; Dutchess and Orange Counties, New York; and Berkshire County, Massachusetts and through its internet website (salisburybank.com).

The Bank originates commercial loans, commercial real estate loans, residential and commercial construction loans, residential real estate loans collateralized by one-to-four family residences, home equity lines of credit and fixed rate loans and other consumer loans predominately in Connecticut’s Litchfield County, New York’s Dutchess, Orange and Ulster Counties and Massachusetts’ Berkshire County in towns proximate to the Bank’s thirteen full service offices.
Interest rates charged on loans are affected principally by the Bank’s current asset/liability strategy, the demand for such loans, the cost and supply of money available for lending purposes and the rates offered by competitors. These factors are, in turn, affected by general economic and credit conditions, monetary policies of the federal government, including the FRB, federal and state tax policies and budgetary matters. Loan portfolios acquired in business combinations include commercial loans acquired with Riverside Bank.

The Bank offers a variety of deposit accounts with a range of interest rates and other terms, which are designed to meet customer financial needs. Retail and commercial deposits are primarily received through the Bank’s banking offices. Additional depositor related services provided to customers include Landlord/Tenant Lease Security Accounts and Services, Merchant Services, Payroll Services, Cash Management (Remote Deposit Capture, ACH Origination, Wire Transfers and Positive Pay), ATM, Bank-by-Phone, Internet Banking, Internet Bill Pay, Person to Person Payments, Bank to Bank Transfers, Mobile Banking with remote deposit, and Online Financial Management with Account Aggregation Services.

The FDIC provides separate insurance coverage of $250,000 per depositor for each account ownership category. Deposit flows are significantly influenced by economic conditions, the general level of interest rates and the relative attractiveness of competing deposit and investment alternatives. When determining deposit pricing, the Bank considers strategic objectives, competitive market rates, deposit flows, funding commitments and investment alternatives, FHLBB advance rates and rates on other sources of funds.

National, regional and local economic and credit conditions, changes in competitor money market, savings and time deposit rates, prevailing market interest rates and competing investment alternatives all have a significant impact on the level of the Bank’s deposits. Deposit generation is a key focus for the Bank as a source of liquidity and to fund continuing asset growth. Competition for deposits has been, and is expected to, remain strong.

The Bank is a member of the FHLBB, which provides credit facilities for regulated, federally insured depository institutions and certain other home financing institutions. Members of the FHLBB are required to own capital stock in the FHLBB and are authorized to apply for advances on the security of their FHLBB stock and certain home mortgages and other assets (principally securities, which are obligations of, or guaranteed by, the United States Government or its agencies) provided certain creditworthiness standards have been met. Under its current credit policies, the FHLBB limits advances based on a member’s assets, total borrowings and net worth. Long-term and short-term FHLBB advances may be utilized as a source of funding to meet liquidity and planning needs when the cost of these funds is favorable as compared to deposits or alternate funding sources.



   Company Address: 5 Bissell Street Lakeville 6039 CT
   Company Phone Number: 435-9801   Stock Exchange / Ticker: NASDAQ SAL
   


Customers Net Income fell by SAL's Customers Net Profit Margin fell to

-26.95 %

14.19 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BKU   -4.84%    
BRKL   -5.66%    
CFFN      0% 
NRIM   -1.22%    
TFSL   -3.07%    
WSBF   -4.21%    
• View Complete Report
   



Salisbury Bancorp Inc

Salisbury Bancorp Inc Faces Double Trouble: Stock Performance Plummets while EPS Deteriorates by -10.61% in April to June 2023



Salisbury Bancorp Inc, a banking company listed on NASDAQ, has experienced a steady decline in its stock performance over the past five trading days. Additionally, the company's year-to-date performance has been significantly impacted, showing a negative growth of -9.7%. In contrast, Salisbury Bancorp Inc shares are currently trading 4.3% above its 52-week average. These figures, coupled with the recently released financial results, leave investors wondering how the company will be impacted in the coming months.
Disappointing Financial Results:
According to the financial results announced by S&Ls Savings Banks, Salisbury Bancorp Inc's earnings per share (EPS) witnessed a decline of -10.61%, falling from $0.66 to $0.59 in the period between April 1 to June 30, 2023. Similarly, the company's revenue decreased by -2.992% to $12.68 million during the same timeframe. These figures, compared with the previous year, depict a downward trend for Salisbury Bancorp Inc.

Salisbury Bancorp Inc

Salisbury Bancorp Inc Faces Setback with -1.787% Revenue Decrease in Q1 2023

Investors should exercise caution when considering Salisbury Bancorp Inc (SAL) in light of its recent financial results. The company has disclosed a contraction in earnings per share by -57.72% to $0.52, and revenue has decreased by -1.787% to $12.80 million in the financial span ending March 31, 2023, year-on-year. These figures are disappointing and suggest that the company is struggling to maintain its profitability.
It is worth noting that earnings per share soared from $0.36 per share in the previous reporting period, but revenue deteriorated by -9.256% from $14.11 million. Additionally, earnings of $2.968 million in the financial span ending March 31, 2023 fell by -15.39% from $3.508 million in the corresponding period a year before. These figures are cause for concern for potential investors.






 

Salisbury Bancorp Inc's Segments
 
 
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