Day: January 21, 2020

At Three-Months, 80% of Patients Treated with DTM SCS Reported Back Pain Reliefof at Least 50%; 63% Reported Profound Back Pain Relief of 80% or Greater1DUBLIN, Jan. 21, 2020 (GLOBE NEWSWIRE) —  Medtronic plc (NYSE:MDT) today announced three-month results from a large, multicenter randomized controlled trial (RCT) showing statistically significant (p=0.0009) and superior back pain relief with Differential Target Multiplexed (DTM™) Spinal Cord Stimulation (SCS) compared to conventional SCS. Both arms used the Medtronic Intellis™ platform. Three-month results showed 80% of patients with chronic back pain treated with DTM reported at least 50% pain relief, compared with 51% of patients treated with conventional SCS, as measured by the Visual Analog Scale (VAS), a widely used and accepted measure for pain intensity.1 Fifty-percent...

LA JOLLA, Calif., Jan. 21, 2020 (GLOBE NEWSWIRE) — Private Bancorp of America, Inc. (OTCQX:PBAM), (“Company”) and CalPrivate Bank (“Bank”) announced that CEO Thomas V. Wornham is retiring from the Company and the Bank at the end of the third quarter of this year. Wornham will remain a Director of the Bank and the Company. Wornham joined the Bank in February 2015 as a Director and then became President and CEO of the Bank on May 1, 2015.Under Wornham’s leadership, the Bank’s assets have increased from $430 million to over $1 billion. The Bank’s Coastal Southern California footprint now includes offices from Coronado in the South to Beverly Hills in the North. Annual revenues have increased over 200%, and shareholders’ equity and market cap have doubled.  Private Bancorp of America,...

SILICON SLOPES, Utah, Jan. 21, 2020 (GLOBE NEWSWIRE) — Pluralsight, Inc. (NASDAQ: PS), the technology learning platform, today announced that it will release its financial results for its fourth quarter and full year ended December 31, 2019 after the U.S. market close on Wednesday, February 12, 2020. Pluralsight will host a conference call that day at 2:30 p.m., Mountain time (4:30 p.m. Eastern time) to discuss the results. The dial-in number will be (877) 350-6732 or (629) 228-0693, conference ID: 2179421.A live webcast of the conference call will be accessible from the Pluralsight website at investors.pluralsight.com. A telephonic replay of the conference call will be available through Wednesday, February 19, 2020 5:30 p.m. and may be accessed by dialing (855) 859-2056 or (404) 537-3406 and using the passcode 2179421. The...

Houston, TX, Jan. 21, 2020 (GLOBE NEWSWIRE) — Date:  February 27, 2020Time:  10:00 a.m. Central time or 11:00 a.m. Eastern timeListen via internet:  http://investors.centerpointenergy.com/Click “Investors”, and click the link “CenterPoint Energy, Inc. Fourth Quarter & Full Year 2019 Earnings Conference call Webcast”                    Headquartered in Houston, Texas, CenterPoint Energy, Inc. is an energy delivery company with regulated utility businesses in eight states and a competitive energy businesses footprint in nearly 40 states. Through its electric transmission & distribution, power generation and natural gas distribution businesses, the company serves more...

ROSEMONT, Ill., Jan. 21, 2020 (GLOBE NEWSWIRE) — Wintrust Financial Corporation (“Wintrust” or “the Company”) (Nasdaq: WTFC) announced record net income of $355.7 million or $6.03 per diluted common share for the year ended December 31, 2019 compared to net income of $343.2 million or $5.86 per diluted common share for the same period of 2018.  The Company recorded net income of $86.0 million or $1.44 per diluted common share for the fourth quarter of 2019, a decrease in diluted earnings per common share of 14.8% compared to the prior quarter and an increase of 6.7% compared to the fourth quarter of 2018.Highlights of the Fourth Quarter of 2019:Comparative information to the third quarter of 2019Total assets increased by $1.7 billion, including $240 million from the acquisition of STC Capital Bancshares...

ALTAVISTA, Va. and DANVILLE, Va., Jan. 21, 2020 (GLOBE NEWSWIRE) — Pinnacle Bankshares Corporation (OTCQX: PPBN) (“Pinnacle”) and Virginia Bank Bankshares, Inc. (OTC Pink: VABB) (“Virginia Bank”) today jointly announced the signing of a definitive agreement to combine in a strategic merger.  The combined company would have approximately $703 million in total assets, $624 million in total deposits, and $537 million in loans based upon reported amounts as of September 30, 2019.The merger agreement was approved by the boards of directors of both companies and has unanimous support from all directors. Under the terms of the agreement, Virginia Bank shareholders will have the opportunity to elect to receive either $16.00 of cash (the “Cash Consideration”) or 0.5000 shares of Pinnacle common stock...

SANTA CLARA, Calif., Jan. 21, 2020 (GLOBE NEWSWIRE) — Inphi Corporation (NYSE: IPHI), a leader in high-speed data movement interconnects, today announced it will release its fourth quarter 2019 results for the quarter ended December 31, 2019 on Tuesday, February 4, 2020, after the close of the market. In conjunction with the release, Inphi will hold a conference call at 4:30 p.m. Eastern Time/1:30 p.m. Pacific Time with Ford Tamer, President and Chief Executive Officer, and John Edmunds, Chief Financial Officer.To participate via telephone, dial 765-507-2591, conference ID: 3853299. Please dial in 10 minutes prior to the scheduled conference call time. A webcast of the conference call will be available live and archived on Inphi’s website at https://www.inphi.com/investors/.About InphiInphi Corporation is a leader in high-speed...

EPS of $0.61, Return on Assets of 1.50% and Return on Equity of 12.07%GREENVILLE, S.C., Jan. 21, 2020 (GLOBE NEWSWIRE) — United Community Banks, Inc. (NASDAQ: UCBI) (“United”) today announced its fourth quarter financial results, including strong year-over-year loan and deposit growth, operating efficiency and asset quality. Diluted earnings per share were $0.61, an increase of $0.05 or 9% from a year ago. Excluding a nominal amount of merger-related and other charges, diluted operating earnings per share were also $0.61, up 7% over last year. United’s return on assets was 1.50% and its return on common equity was 12.1% for the quarter. On an operating basis, United’s return on assets was also 1.50% and its return on tangible common equity was 15.5%.During the quarter, the company sold its remaining investment...

KNOXVILLE, Tenn., Jan. 21, 2020 (GLOBE NEWSWIRE) — SmartFinancial, Inc. (“SmartFinancial” or the “Company”; NASDAQ: SMBK), today announced net income of $6.7 million, or $0.48 per diluted common share, for the fourth quarter of 2019, compared to net income of $6.0 million, or $0.42 per diluted common share, for the third quarter of 2019.  Net operating earnings (Non-GAAP), which excludes securities gains, merger related and restructuring expenses and non-operating items, totaled $6.5 million, or $0.46 per diluted common share, in the fourth quarter of 2019, compared to $6.0 million, or $0.43 per diluted common share, in the third quarter of 2019.For the year ending December 31, 2019, net income is $26.5 million, or $1.89 per diluted common share, compared to net income of $18.1 million, or $1.45 per...

TORONTO, Jan. 21, 2020 (GLOBE NEWSWIRE) — Moses Znaimer, Founder and CEO of ZoomerMedia Limited has announced the appointment of Terence Chan, CPA, CA, CPA (Illinois) to the position of Chief Financial Officer effective February 1, 2020.“I’m excited to be working with Moses, and happily find myself back where commerce and creativity intersect,” said Chan.Chan is a seasoned executive with over 25 years of experience in all areas of finance. He has served in senior finance roles in both the private and public sectors including Novartis Consumer Health, AstraZeneca Canada and, most recently, Health Shared Services Ontario. Chan’s media experience as director of finance for Astral Kids Television, and his key role in the expansion of that business with the launch of Disney Junior, Disney XD channels and their...