Inactive Instrument

Bay Banks of Virginia, Inc.

BAYK

US0720351081

Bay Banks of Virginia, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020

August 03, 2020 at 05:32 pm EDT

Bay Banks of Virginia, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced net interest income was USD 8.942 million compared to USD 8.477 million a year ago. Net loss was USD 8.127 million compared to net income of USD 1.723 million a year ago. Basic loss per share was USD 0.62 compared to basic earnings per share of USD 0.13 a year ago. For the half year, net interest income was USD 17.564 million compared to USD 17.159 million a year ago. Net loss was USD 8.141 million compared to net income of USD 3.214 million a year ago. Basic loss per share was USD 0.62 compared to basic earnings per share of USD 0.25 a year ago.

Latest news about Bay Banks of Virginia, Inc.

Blue Ridge Bankshares, Inc. completed the acquisition of Bay Banks of Virginia, Inc. in a merger of equals transaction.	21-01-30	CI
Bay Banks of Virginia, Inc.'s Equity Buyback announced on October 18, 2019, has expired.	20-12-30	CI
Tranche Update on Bay Banks of Virginia, Inc.'s Equity Buyback Plan announced on October 18, 2019.	20-10-29	CI
Bay Banks of Virginia, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020	20-10-29	CI
Blue Ridge Bankshares, Inc. entered into a definitive merger agreement to acquire Bay Banks of Virginia, Inc. for $97.3 million in a merger of equals transaction.	20-08-12	CI
Tranche Update on Bay Banks of Virginia, Inc.'s Equity Buyback Plan announced on October 18, 2019.	20-08-03	CI
Bay Banks of Virginia, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020	20-08-03	CI
Bay Banks of Virginia, Inc. Records Impairment Charges for the Second Quarter Ended June 30, 2020	20-08-03	CI
Tranche Update on Bay Banks of Virginia, Inc.'s Equity Buyback Plan announced on October 18, 2019.	20-05-07	CI
Bay Banks of Virginia, Inc. Reports Net Charge-Offs for the First Quarter Ended March 31, 2020	20-05-07	CI
Bay Banks of Virginia, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020	20-05-07	CI
Tranche Update on Bay Banks of Virginia, Inc.'s Equity Buyback Plan announced on October 18, 2019.	20-03-06	CI
Bay Banks of Virginia, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019	20-01-28	CI
Bay Banks of Virginia, Inc. Provides Earnings Guidance for the Year 2020; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2019	20-01-28	CI
Bay Banks of Virginia, Inc. Announces Executive Changes	20-01-02	CI
Bay Banks of Virginia, Inc. Announces Consolidation	19-11-12	CI
Bay Banks of Virginia, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019	19-10-29	CI
Bay Banks of Virginia, Inc. announces an Equity Buyback for 400,000 shares, representing 3% of its issued share capital.	19-10-18	CI
Bay Banks of Virginia, Inc. authorizes a Buyback Plan.	19-10-17	CI
Bay Banks of Virginia, Inc. Announces Retirement of Douglas F. Jenkins, Jr. as Executive Vice President, Effective January 1, 2020	19-10-15	CI
Bay Banks of Virginia, Inc. Completes $25 Million Subordinated Notes Offering	19-10-07	CI
Bay Banks of Virginia, Inc. announced that it has received $25 million in funding	19-10-06	CI
Bay Banks of Virginia, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019	19-07-30	CI
Bay Banks of Virginia, Inc. Provides Net Charge-Offs for the Three Months Ended June 30, 2019	19-07-30	CI
Bay Banks of Virginia, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2019; Reports Net Charge-Offs for the First Quarter Ended March 31, 2019	19-04-30	CI

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Company Profile

Bay Banks of Virginia, Inc. is a bank holding company that conducts its operations through its subsidiaries, Virginia Commonwealth Bank and Bay Trust Company. The Bank is a state-chartered bank and a member of the Federal Reserve System. It serves businesses, professionals and consumers with a range of financial services, including retail and commercial banking, investment services and mortgage banking. Its products include cash management accounts, individual retirement accounts, commercial and industrial loans, residential mortgages, commercial mortgages, home equity loans, consumer installment loans, investment accounts, insurance, credit cards and telephone banking. Its deposits include non-interest bearing demand deposits, interest bearing deposits and time deposits. The Trust Company provides management services for personal and corporate trusts, including estate planning, estate settlement and trust administration.

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