STILLWATER, Okla. — Southwest Bancorp, Inc. Tuesday reported net income for the third quarter of $5.3 million, or $0.27 per diluted share, compared to $6.2 million, or $0.31 per diluted share, for the second quarter of 2014. Included in the second quarter of 2014 results was a pre-tax net gain of $4.4 million from the sale of three community bank branches in Anthony, Harper, and Overland Park.
Net income for the nine months ended September 30, 2014 totaled $15.1 million, or $0.77 per diluted share, compared to $10.6 million, or $0.54 per diluted share, for the nine months ended September 30, 2013.
Southwest announced that its board of directors has approved a quarterly cash dividend of $0.04 per share payable November 14, 2014 to shareholders of record as of October 31, 2014.
Southwest Bancorp is the parent company of Bank SNB with locations in Hutchinson and South Hutchinson.