Company Description
2016 Annual Report

2017 Proxy Statement

2016 Second Quarter Shareholder Letter


Audio File
Sun Bancorp, Inc. Reports Second Quarter 2017 Results
Wednesday, July 26, 2017, 11:00 AM ET

Sun Bancorp Inc. was established to serve as a holding company for the New Jersey-based Sun National Bank (the Bank), the Company’s principal subsidiary. The Bank does business throughout NJ, PA and NY, and provides retail, business, commercial and institutional banking in more than 30 locations.
Mergers and Acquisitions
Acquisitions
Bank & Thrift Company Deals

Target
Seller
State Industry
Type
Announce
Date
Status Deal Value
($M)
Target Total
Assets ($000)
Advantage BankNJBank8/25/2005Completed on 1/19/200637.04165,981
Community Bancorp of New JerseyNJBank2/16/2004Completed on 7/8/200483.23427,825
Southern Ocean State BankNJBank2/03/1994Completed on 7/29/19946.2068,860
First National Bank of TuckahoeNJBank6/18/1993Completed on 6/29/19947.8046,796
 
Bank & Thrift Branch Deals

Target
Seller
Industry
Type
Announce
Date
Status Number of
Branches
All
Branch
States
Total Deposits
Transferred
($000)
8 BranchesNew York Community Bancorp, Inc.Thrift9/03/2003Completed on 12/17/20038NJ340,000
14 BranchesFirst Union CorporationBank5/10/1999Completed on 9/9/199914NJ231,600
2 BranchesSummit BancorpBank7/28/1998Completed on 1/15/19992NJ14,774
8 BranchesHousehold International, Inc.Bank7/20/1998Completed on 12/17/19988DE166,000
1 BranchFirst Savings BancsharesThrift11/06/1997Completed on 2/27/19981NJ28,000
11 BranchesBank of New York Company, Inc.Bank6/04/1997Completed on 11/20/199711NJ156,049
3 BranchesOritani Financial Corp, M.H.C.Thrift2/25/1997Completed on 7/28/19973NJ33,000
4 BranchesFirst Union CorporationBank12/19/1996Completed on 6/5/19974NJ67,000
4 BranchesCoreStates Financial Corp.Bank8/14/1995Completed on 12/1/19954NJ75,000
4 BranchesNational Westminster Bancorp Inc.Bank2/23/1995Completed on 7/14/19954NJ68,000
 
Government Assisted Deals

Target
Seller
State Industry
Type
Date Sold Target Total
Assets ($000)
Target Assets
Sold ($000)
Target Total
Deposits ($000)
Riverside SB / RiversideNJThrift10/04/199136,300 NA 56,000
 
Specialty Finance Company Deals

Target
Seller
Announce
Date
Status Deal Value
($M)
Target Total
Assets ($000)
Eastern Financial Inc.1/22/1999Completed on 1/22/19991.10NA
Allegiance Mortgage Co.7/06/1998Completed on 7/30/19980.73NA
 
Sales and Divestitures
Bank & Thrift Company Deals
Target
Buyer
Industry
Type
Announce
Date
Status Number of
Branches
All Branch
States
Total Deposits
Transferred
($000)
Sun Bancorp, Inc.OceanFirst Financial Corp.Bank6/30/2017Pending33NJ1,733,989
Sun Bancorp, Inc.Investor groupBank7/07/2010Completed on 9/22/201067NJ2,961,816
 
Bank & Thrift Branch Deals

Target
Buyer
Industry
Type
Announce
Date
Status Number of
Branches
All
Branch
States
Total Deposits
Transferred
($000)
Sun Bancorp, Inc.OceanFirst Financial Corp.Bank6/30/2017Pending33NA1,733,989
1 BranchCape Bancorp, Inc.Bank3/30/2015Completed on 8/28/20151NJ32,039
7 BranchesSturdy Savings BankBank7/02/2014Completed on 3/6/20157NJ153,300
Sun Bancorp, Inc.Investor groupBank7/07/2010Completed on 9/22/201067NA2,961,816
6 BranchesWSFS Financial CorporationBank7/28/2008Completed on 10/23/20086DE100,000
1 BranchAmboy BancorporationBank11/10/2006Completed on 2/28/20071NJ58,505
1 Branch1st Constitution BancorpBank11/06/2006Completed on 2/23/20071NJ19,500
1 BranchCity National Bancshares CorporationBank11/01/2006Completed on 3/9/20071PA11,016
1 BranchCrest Savings Bancorp, Inc. (MHC)Bank6/07/2001Completed on 12/7/20011NJ14,351
 
Specialty Finance Portfolio Company Deals

Target
Buyer
Announce
Date
Status Deal Value
($M)
Target Net
Receivables
($000)
Loan portfolioUndisclosed buyer3/31/2014Completed on 3/31/2014NA32,000
Classified commercial loansUndisclosed buyer12/31/2013Completed on 12/31/2013NA34,800
Residential mortgage loansUndisclosed buyer7/24/2013Completed on 9/30/2013NA27,300
Residential mortgage loansUndisclosed Buyer7/24/2013Completed on 7/24/2013NA46,000
Residential mortgage loansUndisclosed buyer3/31/2013Completed on 3/31/201352.3351,500
Loan portfolioUndisclosed buyer1/17/2013Completed on 2/8/201321.9045,800
Loan portfolioUndisclosed buyer4/12/2011Completed on 5/18/201199.20174,300
Commercial real estate loansInvestor group12/15/2010Completed on 12/15/201054.8187,000
 
Officers and Directors
Executive Management Profiles
Thomas M. O'Brien
President & Chief Executive Officer
Thomas R. Brugger
Executive Vice President & Chief Financial Officer
Michele B. Estep
Executive Vice President & CAO
Anthony J. Morris
Executive Vice President & Chief Banking Officer
Nicos Katsoulis
Executive Vice President & Chief Lending Officer
Patricia M. Schaubeck
Executive Vice President & General Counsel
 
Board of Directors
Anthony R. Coscia
Chairman of the Board
Sidney R. Brown
Jeffrey S. Brown
Frank Clay Creasey Jr.
Peter Galetto Jr.
Eli Kramer
James B. Lockhart III
William James Marino
Thomas M. O'Brien
Keith Stock
Grace C. Torres
 
 
Market Data

Current QuoteData as of October 20, 2017
Last Sale $ 25.60
Last Close $ 25.55
Today's High $ 25.80
Today's Low $ 25.55
Net Change $ .05  Up  .20%
Today's Volume20,840
Minimum 20 minute delay
Current Chart

Contact Information
Untitled 1 Sun Bancorp, Inc.
350 Fellowship Road
Suite 101,
Mount Laurel, NJ 08054
(856) 691-7700

Investor Relations Contact
Mike Dinneen
SVP, Director of Marketing, Communications & Investor Relations
mdinneen@sunnb.com

Transfer Agent
Computershare Investor Services, LLC.
Canton, MA
800-568-3476
Peer Analysis

Data for trailing four quarters

Performance Ratios (%)SNBC Peer
Median
Peer
Average
ROAA2.73 0.95 1.01 
ROAE20.45 8.83 9.01 
Net Interest Margin2.94 3.42 3.38 
Efficiency Ratio87.90 58.63 59.93 
Loans / Deposits93.03 95.40 93.72 
Asset Quality Ratios (%)   
NPAs / Assets0.30 0.62 0.73 
NCOs / Avg Loans0.01 0.16 0.24 
Reserves / Loans0.94 0.94 0.96 
Reserves / NPAs224.37 111.81 131.66 
Capital Ratios (%)   
Tier 1 Capital19.72 11.30 12.03 
Tangible Equity / Tangible Assets13.17 8.50 8.70 
Total Equity / Total Assets14.66 10.77 11.14 
Market Ratios   
Price / Earnings (x)8.05 20.34 21.19 
Price / Book (%)150.11 174.22 171.62 
Dividend Yield (%)0.16 2.20 1.99 
Sun Bancorp, Inc.'s peer group consists of the following: Cape Bancorp, Inc. (CBNJ) , Community Bank System, Inc. (CBU) , ConnectOne Bancorp, Inc. (CNOB) , Financial Institutions, Inc. (FISI) , First Commonwealth Financial Corporation (FCF) , Hudson Valley Holding Corp. (HVB) , Lakeland Bancorp, Inc. (LBAI) , Metro Bancorp, Inc. (METR) , National Penn Bancshares, Inc. (NPBC) , NBT Bancorp Inc. (NBTB) , Peapack-Gladstone Financial Corporation (PGC) , S&T Bancorp, Inc. (STBA) , Sandy Spring Bancorp, Inc. (SASR) , Sterling Bancorp (STL) , Sun Bancorp, Inc. (SNBC) , Tompkins Financial Corporation (TMP) , Univest Corporation of Pennsylvania (UVSP)

Sun Bancorp, Inc.'s financial data is as of 6/30/2017.

Peer financial data is as of 6/30/2017  except for these companies:

Cape Bancorp, Inc.'s financial data is as of 3/31/2016.
Hudson Valley Holding Corp.'s financial data is as of 3/31/2015.
Metro Bancorp, Inc.'s financial data is as of 12/31/2015.
National Penn Bancshares, Inc.'s financial data is as of 12/31/2015.
Sandy Spring Bancorp, Inc.'s financial data is as of 9/30/2017.
FAQ
Q: Where is Sun Bancorp, Inc.'s common stock listed?
A: Our common stock is listed on the Nasdaq under the symbol SNBC.

For more detailed stock information, please visit our Stock Information page.

Q: Who are the Market Makers for Sun Bancorp, Inc.'s Stock?
A: Click here to see a list of our Market Makers and their contact information.

Q: How can I receive Email alerts from Sun Bancorp, Inc.?
A: To sign up for Email alerts on our Events, Documents, Press Releases and closing stock price information click here to visit our Email Notification page.

Q: How can I request additional information from Sun Bancorp, Inc.?
A: You can contact us via our Information Request page.

Stock Price History
High ($)Low ($)
One Day25.80  25.55  
One Month25.80  23.75  
Three Months25.80  22.45  
Year-to-Date26.70  22.45  
One Year26.80  22.10  
Three Year26.80  16.88  
Three Year Date12/9/2016 1/20/2015 
Insider Ownership
Insider Transaction Activity (Last 6 Months)
Aggregates Shares Price ($) Value ($)
Open Market Buys0----
Open Market Sells0----
Options Ex. & Sold (1,487) 24.71 (36,747)
Net Shares1,66424.729,728

High Volume Traders (Last 6 Months)
Name # Buys # Sells # Options Ex. & Sold Total # Trans. Net Shares
Eli Kramer40041,001
William James Marino4004878
James B. Lockhart III1001870
D'imperio, Anthony M.1012 (624)
Patricia M. Schaubeck1012 (461)
Copyright © 2017 FactSet Research Systems Inc. All rights reserved.
Recent Documents

Filing DescriptionFiling TypeFiling DateEvent Date
8-K8-K10/13/201710/13/2017
Prospectus42510/13/2017
Insider Ownership410/4/201710/2/2017
Insider Ownership410/4/201710/2/2017
Insider Ownership410/2/20179/29/2017