Day: July 23, 2020
SAN FRANCISCO, July 23, 2020 (GLOBE NEWSWIRE) — The Federal Home Loan Bank of San Francisco (Bank) today announced that its net income for the second quarter of 2020 was $88 million, compared with net income of $49 million for the second quarter of 2019.The $39 million increase in net income relative to the prior-year period primarily reflects a $32 million increase in net interest income, from $110 million for the second quarter of 2019 to $142 million for the second quarter of 2020, and a reversal of current expected credit losses of $7 million for the second quarter of 2020. The increase in net interest income was primarily attributable to an increase of $27 million in net fair value gains on designated fair value hedges, from a loss of $16 million for the second quarter of 2019 to a gain of $11 million for the second quarter...
Heritage Commerce Corp Reports Earnings of $10.6 Million for the Second Quarter of 2020
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SAN JOSE, Calif., July 23, 2020 (GLOBE NEWSWIRE) — Heritage Commerce Corp (Nasdaq: HTBK), the holding company (the “Company”) for Heritage Bank of Commerce (the “Bank”), today announced second quarter 2020 net income of $10.6 million, or $0.18 per average diluted common share, compared to $11.4 million, or $0.26 per average diluted common share, for the second quarter of 2019, and $1.9 million, or $0.03 per average diluted common share, for the first quarter of 2020. For the six months ended June 30, 2020, net income was $12.5 million, or $0.21 per average diluted common share, compared to $23.5 million, or $0.54 per average diluted common share, for the six months ended June 30, 2019. All results are unaudited.
HOTEL reports financial and operational results for 2Q20
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MEXICO CITY, July 23, 2020 (GLOBE NEWSWIRE) — Grupo Hotelero Santa Fe S.A.B. de C.V. (BMV: HOTEL) (the “HOTEL” or the “Company”), announced its consolidated results for the second quarter (“2Q20”) ended June 30, 2020. Figures are expressed in Mexican pesos, are unaudited and are in accordance with International Financial Reporting Standards (“IFRS”) and may vary due to rounding.Highlights2Q20 EBITDA1 was negative Ps. 86.7 million, compared to Ps. 134.2 million in 2Q19, due to the COVID-19 pandemic.2Q20 Total Revenues were Ps. 15.5 million, down 97.1% compared to 2Q19, due to the following decreases: i) 96.9% in Room Revenue, ii) 98.5% in Food and Beverages Revenue, iii) 93.3% in Other Hotel Revenue, and iv) 94.7% in Third-Party Hotels’ Management Fees.In 2Q20, HOTEL posted a Net Loss of Ps. 43.4 million, compared to a Ps. 19.7 million...
HOTEL reporta resultados financieros y operativos del 2T20
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CIUDAD DE MÉXICO, July 23, 2020 (GLOBE NEWSWIRE) — Grupo Hotelero Santa Fe, S.A.B. de C.V. (BMV: HOTEL) (“HOTEL” o “la Compañía”), anunció hoy sus resultados correspondientes al segundo trimestre (“2T20”) terminado el 30 de junio de 2020. Las cifras están expresadas en pesos mexicanos, sin auditar y han sido preparadas de conformidad con las Normas Internacionales de Información Financiera (“NIIF”) y pueden presentar variaciones por redondeo.Información RelevanteLa UAFIDA1 en el 2T20 fue negativa en Ps. 86.7 millones, en comparación con los Ps. 134.2 millones en el 2T19, como consecuencia de la pandemia de COVID-19.Los Ingresos Totales del 2T20 sumaron Ps. 15.5 millones, 97.1% por debajo del 2T19, teniendo las siguientes disminuciones: i) 96.9% en Ingresos por Habitaciones; ii) 98.5% en Ingresos por Alimentos y Bebidas; iii) 93.3%...
Investar Holding Corporation Announces 2020 Second Quarter Results
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BATON ROUGE, La., July 23, 2020 (GLOBE NEWSWIRE) — Investar Holding Corporation (NASDAQ: ISTR) (the “Company”), the holding company for Investar Bank, National Association (the “Bank”), today announced financial results for the quarter ended June 30, 2020. The Company reported net income of $4.3 million, or $0.39 per diluted common share, for the second quarter of 2020, compared to $0.6 million, or $0.05 per diluted common share, for the quarter ended March 31, 2020, and $4.9 million, or $0.48 per diluted common share, for the quarter ended June 30, 2019.On a non-GAAP basis, core earnings per diluted common share for the second quarter of 2020 were $0.32 compared to $0.15 for the first quarter of 2020 and $0.47 for the quarter ended June 30, 2019. Core earnings exclude certain non-operating items including, but not limited to, gain...
In the Context of the Health Contingency, TV Azteca Announces 31% Reduction in Net Sales, to Ps.1,857 Million in 2Q20
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MEXICO CITY, July 23, 2020 (GLOBE NEWSWIRE) — TV Azteca, S.A.B. de C.V. (BMV: AZTECACPO; Latibex: XTZA), one of the two largest producers of Spanish-language television programming in the world, today announced financial results for the second quarter 2020.“Although the flexibility and strength of the content offer within TV Azteca’s platforms has reached a broad presence through Mexican households during the health emergency, the demand for adverting substantially decreased,” commented Benjamín Salinas, CEO of TV Azteca. “In order to counterweight lower sales, the company designed an agile response to reduce costs and expenses, without affecting the programming offer for the audience.” Second quarter resultsNet revenue for the period was Ps.1,857 million, in comparison with Ps.2,709 million for the same quarter of last...
Alphinat Announces a Profit of $110,960 for the Quarter Ended May 31, 2020
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MONTREAL, July 23, 2020 (GLOBE NEWSWIRE) —Alphinat Inc. (TSXV: NPA) announces a profit of $110,960 for the quarter ended May 31, 2020.During the quarter under review, Alphinat has focused its efforts on nurturing and expanding its distribution channels and on diversifying its offering.In order to accelerate future growth, Alphinat has continued to invest in solutions packaging and marketing SmartGuide along three major areas of focus:SmartGuide® Portal Edition for Dynamics 3651, now available, has optimized the way that clients can now create and deploy online services on top of Microsoft Dynamics 365. This offer is available in hosted cloud, SaaS mode as well as on premises; SmartGuide® Municipal Cloud aims at offering unparalleled productivity to municipalities. Municipalities are able to choose from a catalogue of pre-built applications,...
Alphinat annonce un bénéfice de 110 960 $ pour le trimestre financier terminé le 31 mai 2020
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MONTRÉAL, 23 juill. 2020 (GLOBE NEWSWIRE) —Alphinat Inc. (TSX-VN : NPA) annonce un bénéfice de 110 960 $ pour le trimestre financier terminé le 31 mai 2020.Au cours du trimestre sous revue, Alphinat a poursuivi ses efforts pour le développement de son réseau de distribution et pour la diversification de son offre.SmartGuide® Portal Edition pour Dynamics 3651 permet d’optimiser la manière dont les clients conçoivent et déploient des services en ligne à partir de Microsoft Dynamics 365. Cette solution est disponible en mode SaaS ainsi qu’en mode de déploiement dans les environnements du client ; SmartGuide® Municipal Cloud, qui vise à offrir un environnement inégalé en matière de productivité pour les municipalités, leur permet de choisir parmi un catalogue de services aux citoyens, accélérant d’autant plus la mise en ligne de solutions...
Grupo Aeromexico Informs
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Mexico City, July 23, 2020 (GLOBE NEWSWIRE) — Mexico City, Mexico on July 23, 2020. Grupo Aeroméxico, S.A.B. de C.V. (BMV “AEROMEX”) informs that, as part of the rights afforded within its voluntary financial restructuring process under Chapter 11 of the legislation of the United States of America, on July 3, the Company requested Court authorization to reject certain lease agreements for 19 aircraft to their respective lessors in an orderly manner (the “Motion”). These aircraft are not part of the Company’s strategic fleet requirements under current market conditions. The aircraft involved are: 5 Boeing 737-800s, 5 Boeing 737-700s and 9 Embraer E-170-LR aircraft, as well as 4 GE CF34-8E5 engines (the “Equipment”).This motion is part of the Company´s measures to ensure a more efficient and homogeneous...
Leaf Group to Announce Second Quarter 2020 Financial Results on July 30, 2020
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SANTA MONICA, Calif., July 23, 2020 (GLOBE NEWSWIRE) — Leaf Group Ltd. (NYSE: LEAF), a diversified consumer internet company comprised of several marketplace and media properties, today announced it will report its second quarter 2020 financial results after market close on July 30, 2020. Together with a standard earnings release announcing its second quarter 2020 financial results, Leaf Group will also release a Shareholder Letter, which will be posted on its investor website at ir.leafgroup.com on July 30, 2020. The Leaf Group Shareholder Letter will include a quarterly earnings review along with a more detailed discussion of business trends and key topics. Leaf Group will also host a conference call to discuss the results at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on the same day.Leaf Group Ltd. Second Quarter 2020 Earnings...