Day: April 23, 2020

Midland States Bancorp, Inc. Announces 2020 First Quarter Results

Written by Customer Service on April 23, 2020. Posted in Earnings Releases And Operating Results.

SummaryNet income of $1.5 million, or $0.06 diluted earnings per shareNew CECL accounting standard adopted as of January 1, 2020, resulting in increase to allowance for credit losses on loans of $12.8 million and higher provision for credit losses on loansFinancial results include $8.5 million impairment on commercial mortgage servicing rightsTotal deposits increased $106.4 million from the end of the prior quarter, or 9.4% annualized$263 million in Paycheck Protection Program loans approved through April 16, 2020EFFINGHAM, Ill., April 23, 2020 (GLOBE NEWSWIRE) — Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) today reported net income of $1.5 million, or $0.06 diluted earnings per share, for the first quarter of 2020, which was impacted by an $8.5 million impairment on commercial mortgage servicing rights (“MSR”) and...

DMC Global Repays Paycheck Protection Program Loan

Written by Customer Service on April 23, 2020. Posted in Public Companies.

BROOMFIELD, Colo., April 23, 2020 (GLOBE NEWSWIRE) — DMC Global Inc. (Nasdaq: BOOM) recently applied for a loan under the U.S. Government’s Paycheck Protection Program (PPP). The application was vetted by the Small Business Administration (SBA), and on April 14, 2020, a loan of $6.7 million was approved. DMC borrowed this money, as the PPP legislation intended, to provide its 306 U.S. employees with payroll and benefits protection as the Company’s primary energy market enters a sharp downturn and the global economy rapidly slows due to COVID-19, significantly reducing DMC’s revenues. DMC believes that at the time it borrowed the money, it fully complied with the language of the PPP legislation. While the PPP program allows for loans of up to $10 million for all companies with as many as 500 employees, subsequent guidance from...

Brink’s First-Quarter Earnings Release and Conference Call Scheduled for May 5

Written by Customer Service on April 23, 2020. Posted in Public Companies.

RICHMOND, Va., April 23, 2020 (GLOBE NEWSWIRE) — The Brink’s Company (NYSE:BCO), the global leader in cash management, route-based secure logistics and payment solutions, will host a conference call on Tuesday, May 5, at 4:30 p.m. (ET) to review first-quarter financial results, which will be released at approximately 4:05 PM ET. The conference call can be accessed by calling 888-349-0094 (in the U.S.) or 412-902-0124 (international). Participants should call in at least five minutes prior to the start of the call. Participants can pre-register at http://dpregister.com/10138229 to receive a direct dial-in number for the call. The call also will be accessible via live webcast at https://services.choruscall.com/links/bco200429.html.A replay of the call will be available through June 5, 2020, at (877) 344-7529 (in the U.S.) or (412)...

Hub Group Announces Retirement of Terri Pizzuto as Chief Financial Officer and Appointments of Geoff DeMartino as Chief Financial Officer and Kevin Beth as Chief Accounting Officer

Written by Customer Service on April 23, 2020. Posted in Public Companies.

OAK BROOK, Ill., April 23, 2020 (GLOBE NEWSWIRE) — Hub Group (NASDAQ: HUBG) announced that Terri Pizzuto, Executive Vice President, Chief Financial Officer and Treasurer, has decided to retire effective June 30, 2020.Pizzuto joined Hub Group in 2002 and assumed her current role in 2007. During her tenure, she led the company’s finance and accounting functions, supporting the business as it grew from $1 billion in revenue to nearly $4 billion today. She has provided solid leadership as a key member of the executive team and has helped to distinguish Hub Group with the investment community. Pizzuto will remain an employee of the company until June 30, 2021 to assist with the transition of her duties.“On behalf of the Board of Directors and the management team, I want to thank Terri for her passion and dedication to Hub Group,” said...

MamaMancini’s Reports Record Fourth Quarter and Fiscal Year 2020 Financial Results

Written by Customer Service on April 23, 2020. Posted in Public Companies.

Q4 2020 Revenues Increase 48% to Record $10.1 Million; Drives Record Net Income of $0.4 MillionEAST RUTHERFORD, NJ, April 23, 2020 (GLOBE NEWSWIRE) — MamaMancini’s Holdings, Inc. (OTCQB: MMMB), a marketer of specialty pre-prepared, frozen and refrigerated food products, has reported its financial results for the fourth quarter and fiscal year ended January 31, 2020.Financial Summary:Recent Highlights:Announced operational improvement initiatives in conjunction with a leading renowned industry consulting agency, 15/16 Group, to streamline and accelerate manufacturing operations in anticipation of future growth. As part of this initiative, the Company is creating a dashboard of Key Performance Indicators and installing the NetSuite application to improve operational controls and visibility of plant floor performance, which it...

Wintrust Financial Corporation Announces Cash Dividends

Written by Customer Service on April 23, 2020. Posted in Dividend Reports And Estimates.

ROSEMONT, Ill., April 23, 2020 (GLOBE NEWSWIRE) — Wintrust Financial Corporation (“Wintrust” or the “Company”) (Nasdaq: WTFC) today announced that the Company’s Board of Directors approved a quarterly cash dividend of $0.28 per share of outstanding common stock. The dividend is payable on May 21, 2020 to shareholders of record as of May 7, 2020.Additionally, the Company’s Board of Directors approved quarterly cash dividends on outstanding shares of the Company’s 6.50% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series D. The dividend is payable on July 15, 2020 to shareholders of record as of July 1, 2020.About Wintrust

America First Multifamily Investors, L.P. Schedules First Quarter 2020 Earnings Conference Call for Thursday, May 7, 2020 at 4:30 p.m. Eastern Time

Written by Customer Service on April 23, 2020. Posted in Earnings Releases And Operating Results.

OMAHA, Neb., April 23, 2020 (GLOBE NEWSWIRE) — America First Multifamily Investors, L.P. (NASDAQ: ATAX) (the “Partnership”) announced today that it will host a conference call for investors on Thursday, May 7, 2020 at 4:30 p.m. Eastern Time to discuss the Partnership’s First Quarter 2020 results.Participants can access the First Quarter 2020 Earnings Conference call in one of two ways:Webcast link: https://edge.media-server.com/mmc/p/rv9fpr6x for registration on Thursday, May 7, 2020, approximately 30 minutes prior to the start of the earnings call, or Participants may dial 1-855-854-0934, (International Participants may dial 1-720-634-2907), Conference ID# 5775663 ten minutes before the earnings call is scheduled to begin, to listen to the audio portion only.Following completion of the earnings call, a recorded replay will be available...

Macatawa Bank Corporation Reports First Quarter 2020 Results

Written by Customer Service on April 23, 2020. Posted in Earnings Releases And Operating Results.

HOLLAND, Mich., April 23, 2020 (GLOBE NEWSWIRE) — Macatawa Bank Corporation (NASDAQ: MCBC) today announced its results for the first quarter of 2020.Net income of $6.4 million in first quarter 2020 versus $7.6 million in first quarter 2019 – down 16%First quarter 2020 includes higher provision for loan losses expense for COVID-19 related general allowance buildProvision for loan losses of $700,000 in first quarter 2020, up from negative $250,000 in first quarter 2019Net interest margin of 3.25% in first quarter 2020 versus 3.54% in first quarter 2019Growth in noninterest income of $631,000 (15%) driven by increased residential mortgage volumeControlled increase in total non-interest expense – up $484,000 (4%) from first quarter 2019Loan portfolio balances up by $11 million (1%) from first quarter 2019Core deposit balances up by...

Carpenter Technology Declares Quarterly Cash Dividend

Written by Customer Service on April 23, 2020. Posted in Dividend Reports And Estimates.

PHILADELPHIA, April 23, 2020 (GLOBE NEWSWIRE) — Carpenter Technology Corporation (NYSE: CRS) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share of common stock, payable June 4, 2020, to shareholders of record on May 5, 2020. The ex-dividend date (the date the common stock trades without the dividend) is May 4, 2020.About Carpenter TechnologyCarpenter Technology Corporation is a recognized leader in high-performance specialty alloy-based materials and process solutions for critical applications in the aerospace, defense, transportation, energy, industrial, medical, and consumer electronics markets. Founded in 1889, Carpenter Technology has evolved to become a pioneer in premium specialty alloys, including titanium, nickel, and cobalt, as well as alloys specifically engineered for additive...

LogMeIn Announces First Quarter 2020 Results

Written by Customer Service on April 23, 2020. Posted in Earnings Releases And Operating Results.

BOSTON, April 23, 2020 (GLOBE NEWSWIRE) — LogMeIn, Inc. (NASDAQ: LOGM), a leading provider of cloud-based connectivity, today announced its results for the first quarter ended March 31, 2020.First quarter 2020 financial highlights include:Revenue was $322.4 million, up 5% compared with the first quarter of 2019GAAP net loss was $11.3 million or ($0.23) per share and non-GAAP net income was $59.2 million or $1.21 per diluted shareEBITDA was $55.1 million or 17.1% of revenue and Adjusted EBITDA was $96.1 million or 29.8% of revenueCash flow from operations was $88.0 million or 27.3% of revenue and adjusted free cash flow was $88.1 million or 27.3% of revenueTotal deferred revenue was $451.3 million, up $43.1 million from the fourth quarter of 2019Confirming status of definitive merger agreementIn December 2019, LogMeIn announced that...

Day: April 23, 2020

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