Sun Bancorp Slips To Loss In Q2

(RTTNews) - Sun Bancorp Inc. (SNBC) posted second quarter net loss available to common shareholders of $24.2 million or $0.28 per share, compared to net income of $678 thousand or $0.01 per share in the comparable quarter last year.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.24 per share. Analysts' estimates typically exclude special items.

Net interest income for the latest second quarter declined to $20.6 million from $21.8 million in the prior year period, while non-interest income for the period was $3.98 million, down from $10.26 million last year.