Sun Bancorp

Sun Bancorp operates as the bank holding company for Sun National Bank that provides an array of community banking services to consumers, small businesses and mid-size companies. The Company accepts various deposits, such as checking, savings, money market, time deposit certificate, individual retirement and business checking accounts. Its loan products include term loans, lines of credit and commercial mortgages, as well as lines of credit of overdraft sweeps.

Employee Rating

3More
StateClosed
TypeSubsidiary
Parent CompanyOceanFirst
HQMount Laurel, US
Founded1985
Websitesunnationalbank.com
Cybersecurity ratingAMore
Sun Bancorp was founded in 1985 and is headquartered in Mount Laurel, US

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Key People/Management at Sun Bancorp

Thomas OBrien

Thomas OBrien

President & Chief Executive Officer
Thomas Brugger

Thomas Brugger

Executive Vice President & Chief Financial Officer
Patricia Schaubeck

Patricia Schaubeck

Executive Vice President & General Counsel
Michele Estep

Michele Estep

Executive Vice President & Chief Administrative Officer
Anthony Morris

Anthony Morris

Executive Vice President & Chief Banking Officer
Nicos Katsoulis

Nicos Katsoulis

Executive Vice President & Chief Lending Officer
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Sun Bancorp Office Locations

Sun Bancorp has an office in Mount Laurel
Mount Laurel, US (HQ)
350 Fellowship Rd #101
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Sun Bancorp Financials and Metrics

Summary Metrics

Founding Date

1985
Sun Bancorp is a subsidiary of OceanFirst

Sun Bancorp Revenue

Sun Bancorp's revenue was reported to be $13.39 m in FY, 2016
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

13.5m29.5m31.7m17.8m27.6m13.4m

Sales and marketing expense

2.9m2.8m2.8m2.1m1.5m1.7m

R&D expense

4.4m4.4m4.2m5.0m5.0m4.5m

Operating expense total

13.0m15.4m15.1m16.5m12.8m11.4m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(67.5m)(50.5m)(9.9m)(29.8m)10.2m61.4m

Depreciation and Amortization

12.0m5.7m10.1m7.1m7.6m3.1m

Cash From Operating Activities

32.4m(37.6m)85.0m14.0m(1.6m)11.9m

Purchases of PP&E

(1.0m)(2.2m)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

(68.7m)(66.0m)(28.1m)(26.8m)(25.5m)2.5m3.1m(1.7m)(1.9m)(26.2m)(27.0m)2.8m5.6m8.8m826.0k3.8m5.4m1.4m2.9m5.6m

Depreciation and Amortization

3.4m5.1m3.0m6.2m9.4m3.3m5.8m8.0m1.4m4.0m5.5m1.6m3.7m6.1m1.4m2.7m4.0m845.0k2.1m3.0m

Cash From Operating Activities

6.9m4.8m559.0k10.4m(19.8m)48.2m54.1m227.6m4.0m9.0m6.7m(2.0m)(1.8m)(623.0k)2.2m5.8m7.2m836.0k5.4m11.6m

Purchases of PP&E

(469.0k)(747.0k)(960.0k)(1.6m)(186.0k)(604.0k)(760.0k)
USDQ2, 2011

Financial Leverage

10.8 x
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Sun Bancorp Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

57 47 45 35 37 37 37 37 35 35 35

Non-accrual Loans

$14.81 m$9.38 m$5.55 m$3.12 m$2.21 m$3.07 m$2.58 m$3.25 m$1.70 m$2.68 m$2.93 m

Total Loans

$1.49 b$1.46 b$1.56 b$1.51 b$1.53 b$1.56 b$1.55 b$1.55 b$1.59 b$1.59 b$1.57 b
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Sun Bancorp Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

Sun Bancorp Online and Social Media Presence

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Sun Bancorp Frequently Asked Questions

  • When was Sun Bancorp founded?

    Sun Bancorp was founded in 1985.

  • Who are Sun Bancorp key executives?

    Sun Bancorp's key executives are Thomas OBrien, Thomas Brugger and Patricia Schaubeck.

  • How many employees does Sun Bancorp have?

    Sun Bancorp has 322 employees.

  • What is Sun Bancorp revenue?

    Latest Sun Bancorp annual revenue is $13.4 m.

  • What is Sun Bancorp revenue per employee?

    Latest Sun Bancorp revenue per employee is $41.6 k.

  • Who are Sun Bancorp competitors?

    Competitors of Sun Bancorp include Wintrust, IBERIABANK and Home Federal Bancorp.

  • Where is Sun Bancorp headquarters?

    Sun Bancorp headquarters is located at 350 Fellowship Rd #101, Mount Laurel.

  • Where are Sun Bancorp offices?

    Sun Bancorp has an office in Mount Laurel.

  • How many offices does Sun Bancorp have?

    Sun Bancorp has 1 office.