SBBX Profile
Sussex Bancorp (SBBX) is a bank holding company headquartered in New Jersey, United States. The company provides a wide range of banking services to individual and corporate customers. As of September 30, 2021, the company had total assets of $1.36 billion, total loans of $998.9 million, and total deposits of $1.2 billion.
Sussex Bancorp operates through its subsidiary, Sussex Bank, which has a network of 14 branches across northern New Jersey and a loan production office in Pennsylvania. The bank offers various financial products and services, including personal and business banking, online banking, cash management, wealth management, and mortgage lending.
The company has a strong focus on customer service, with a commitment to building long-term relationships with its customers. Its mission is to provide exceptional service and innovative solutions to meet the financial needs of its customers.
In terms of financial performance, Sussex Bancorp has been consistently profitable over the past few years, with steady growth in both assets and earnings. In the third quarter of 2021, the company reported net income of $6.8 million, or $0.76 per diluted share, compared to $5.2 million, or $0.58 per diluted share, in the same period last year. Its return on average assets (ROAA) and return on average equity (ROAE) were 1.98% and 20.33%, respectively, as of September 30, 2021.
Overall, Sussex Bancorp is a well-established and profitable bank holding company with a strong focus on customer service and growth. Its strong financial performance, along with its commitment to innovative solutions and long-term customer relationships, make it an attractive investment option in the banking sector.
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