Day: July 22, 2020

SOUDERTON, Pa., July 22, 2020 (GLOBE NEWSWIRE) — Univest Financial Corporation (“Univest” or the “Corporation”) (NASDAQ: UVSP), parent company of Univest Bank and Trust Co. and its insurance, investments and equipment financing subsidiaries, today announced net income for the quarter ended June 30, 2020 of  $2.1 million, or $0.07 diluted earnings per share, compared to net income of $16.5 million, or $0.56 diluted earnings per share, for the quarter ended June 30, 2019. Net income for the six months ended June 30, 2020 was $2.9 million, or $0.10 diluted earnings per share, compared to net income of $32.5 million, or $1.11 diluted earnings per share, for the six months ended June 30, 2019.Pre-tax pre-provision income1 for the quarter ended June 30, 2020 was $25.6 million, an increase of $3.3 million, or 15.1%, from the...

VERO BEACH, Florida, July 22, 2020 (GLOBE NEWSWIRE) — ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR PRC) (“ARMOUR” or the “Company”) today announced the Company’s second quarter 2020 financial information and provided further detail on the substantially completed transition of its portfolio to focus exclusively on agency-guaranteed mortgage backed securities (“Agency MBS”).June 30, 2020 Financial PositionARMOUR’s book value per common share was $11.11 per share.ARMOUR’s liquidity, including cash and unencumbered securities, was $540 million.ARMOUR’s portfolio composition was 99% Agency MBS, including To Be Announced (“TBA”) Securities.ARMOUR’s stockholders’ equity totaled $851 million, including the 7.00% Cumulative Redeemable Preferred C Stock (“Series C Preferred”)...

Record quarterly revenue of $857 million for the fiscal third quarter of 2020GAAP diluted EPS of $1.20Initiates fiscal fourth quarter 2020 revenue guidance of $850 to $890 million with GAAP diluted EPS guidance of $1.05 to $1.20, excluding unforeseen impacts relating to COVID-19NEENAH, Wis., July 22, 2020 (GLOBE NEWSWIRE) — Plexus (NASDAQ: PLXS) today announced financial results for its fiscal third quarter ended July 4, 2020, and guidance for its fiscal fourth quarter ending October 3, 2020.Fiscal Third Quarter 2020 InformationWon 35 manufacturing programs during the quarter representing an expected $252 million in annualized revenue when fully ramped into productionTrailing four quarter wins total an expected $868 million in annualized revenue when fully ramped into productionTodd Kelsey, President and CEO, commented, “I am incredibly...

RENO, Nev., July 22, 2020 (GLOBE NEWSWIRE) — Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch” or “the Company”) today reported operating results for the second quarter ended June 30, 2020, as summarized below:($ in thousands, except per share data and percentages)(1)     Definitions, disclosures and reconciliations of non-GAAP financial information are included later in the release.CEO CommentJohn Farahi, Co-Chairman and Chief Executive Officer of Monarch, commented: “Following the state-mandated closure of our properties in mid-March, we took immediate steps to ensure that our Company preserved its financial flexibility to manage through the nearly three-month shutdown. We reduced expenses throughout the Company and worked with our bankers to secure the necessary amendments to our credit facility. Thanks to the commitment...

DALLAS, July 22, 2020 (GLOBE NEWSWIRE) — Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced operating results for the second quarter of 2020.“As we navigate these unprecedented times with a focus on protecting our employees and our clients, we continue to position the Company for long-term, sustainable earnings growth,” said Larry Helm, Executive Chairman and CEO. “Our significant investments in infrastructure and technology over the past few years enabled meaningful cost realignment during the second quarter. We remain vigilant in managing credit, while continuing to selectively recruit and acquire frontline talent.”In response to pressures of the current economic environment and a refinement of our strategy, we took actions during the second quarter of 2020...

LONGUEUIL, Quebec, July 22, 2020 (GLOBE NEWSWIRE) — Reunion Gold Corporation (TSX-V: RGD) (the “Company”) is pleased to announce that, due to higher than expected demand, the Company intends to increase the size of its non-brokered private placement announced on July 21, 2020 from 50,000,000 units of the Company (“Units”) to 75,000,000 Units at a price of $0.08 per Unit, for gross proceeds of up to $6.0 Million (the “Offering”). Each Unit will consist of one common share of the Company and one half of one common share purchase warrant (each whole warrant, a “Warrant”), with each Warrant exercisable to acquire one common share at $0.12 for a period of 24 months from the closing date of the Offering.The Company expects to close the Offering on or about August 5, 2020, subject to certain conditions including...

OVERLAND PARK, Kan., July 22, 2020 (GLOBE NEWSWIRE) — (NASDAQ: YRCW) Holland has been recognized with the 2019 Exceptional Performance Award by Uline, the leading distributor of shipping, industrial and packaging materials to businesses throughout North America.Uline honored Holland with this award in recognition of the carrier’s exceptional performance and dedicated service to its customers.“What an honor for Holland to be recognized for its outstanding customer service and the solid relationships our employees have maintained with Uline in service of its customers,” said Jason Bergman, YRCW Chief Customer Officer and President of HNRY Logistics. “YRCW companies appreciate the continued partnership with Uline, and I want to thank all our employees whose dedication made this award possible.”“Thanks to Holland’s leadership and dedication,...

Not for distribution in the U.S. or to U.S. Newswire ServicesVANCOUVER, British Columbia, July 22, 2020 (GLOBE NEWSWIRE) — EXMceuticals Inc. (CSE: EXM) (FSE: A2PAW2), (the “Company” or “EXM”) is pleased to announce that it has completed the sale of 5,180,000 units on a private placement basis at a price of $0.20 per unit for total cash proceeds of $1,036,000 (the “Private Placement”).  Each unit consists of one common share of the Company and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $0.30 per share for a period of 18 months from closing of the Private Placement. The proceeds from the oversubscribed Private Placement will be used for general working capital and ongoing R&D and refinery project development...

Woburn, Mass., July 22, 2020 (GLOBE NEWSWIRE) — Bridgeline Digital, Inc. (NASDAQ: BLIN), a provider in cloud-based digital experience software, announced today that Bridgeline has entered into multiple agreements with a national professional association of healthcare professionals for continuing education and certifications while expanding functionality to handle virtual events as a result of the COVID-19 Pandemic. The Association supports the professional needs of over 67,000 members by leveraging the Unbound CMS site variant functionality to easily create and distribute robust eLearning course modules for healthcare board exam preparation and assessments. The Association has multiple specialty portals powered by the Unbound CMS that provide for a personalized experience tailored to the member based on their membership level. The Association...

WILLIAMSPORT, Pa., July 22, 2020 (GLOBE NEWSWIRE) — Penns Woods Bancorp, Inc. (NASDAQ: PWOD)Penns Woods Bancorp, Inc. achieved net income of $6.8 million for the six months ended June 30, 2020, resulting in basic and diluted earnings per share of $0.97.HighlightsNet income, as reported under GAAP, for the three and six months ended June 30, 2020 was $3.8 million and $6.8 million,  respectively compared to $4.2 and $8.2 million for the same period of 2019. Results for the three and six months ended June 30, 2020 compared to 2019 were impacted by an increase in after-tax securities gains of $138,000 (from a gain of $18,000 to a gain of $156,000) for the three month period and $108,000 (from a gain of $70,000 to a gain of $178,000) for the six month period.The provision for loan losses increased $330,000 and $720,000, respectfully,...