Day: July 28, 2020

La Jolla Pharmaceutical Company Announces the Closing of Acquisition of Tetraphase Pharmaceuticals, Inc.

Written by Customer Service on July 28, 2020. Posted in Mergers And Acquisitions.

SAN DIEGO, California and WATERTOWN, Massachusetts, July 28, 2020 (GLOBE NEWSWIRE) — La Jolla Pharmaceutical Company (Nasdaq: LJPC), which is dedicated to the development and commercialization of innovative therapies that improve outcomes in patients suffering from life-threatening diseases, and Tetraphase Pharmaceuticals, Inc. (Nasdaq: TTPH), a biopharmaceutical company focused on commercializing its novel tetracycline XERAVA™ (eravacycline) to treat serious and life-threatening infections, today announced the closing of La Jolla’s acquisition of Tetraphase. La Jolla acquired Tetraphase for $43.0 million in upfront cash plus potential future cash payments of up to $16.0 million pursuant to contingent value rights (CVRs). The holders of the CVRs are entitled to receive payments of up to an additional $16.0 million in the aggregate...

Freddie Mac Prices $901 Million Multifamily K-Deal, K-F82

Written by Customer Service on July 28, 2020. Posted in Public Companies.

Tenth K-Deal® with Bonds Indexed to SOFRMCLEAN, Va., July 28, 2020 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K Certificates), which includes a class of floating rate bonds indexed to the Secured Overnight Financing Rate (SOFR). The approximately $901 million in K Certificates (K-F82 Certificates) are expected to settle on or about August 6, 2020. The K-F82 Certificates are backed by floating-rate multifamily mortgages with 10-year terms, which are currently LIBOR-based.K-F82 includes one class (Class AL) of senior bonds indexed to LIBOR and another class (Class AS) of senior bonds indexed to SOFR. Freddie Mac will provide a basis risk guarantee on Class AS that covers any floating interest rate basis risk if the value of SOFR exceeds the value of LIBOR.K-F82 PricingDetailsCo-Lead...

Veritex Holdings, Inc. Reports Second Quarter Operating Results

Written by Customer Service on July 28, 2020. Posted in Earnings Releases And Operating Results.

DALLAS, July 28, 2020 (GLOBE NEWSWIRE) — Veritex Holdings, Inc. (“Veritex” or the “Company”) (Nasdaq: VBTX), the holding company for Veritex Community Bank, today announced the results for the quarter ended June 30, 2020.“The second quarter was dominated by significant pandemic and economic challenges. Despite those headwinds, we delivered solid results while supporting our employees, customers and communities,” said C. Malcolm Holland, III, the Company’s Chairman and Chief Executive Officer. “Our quarterly results reflect strong pre-tax, pre-provision operating net revenue, continued building of our allowance for credit losses and higher capital levels. I couldn’t be more proud of what the team accomplished during such a disruptive operating period.”Second Quarter HighlightsNet income of $24.0 million, or $0.48 diluted earnings...

Bridge Bancorp, Inc. Reports Second Quarter 2020 Results

Written by Customer Service on July 28, 2020. Posted in Earnings Releases And Operating Results.

BRIDGEHAMPTON, N.Y., July 28, 2020 (GLOBE NEWSWIRE) — Bridge Bancorp, Inc. (NASDAQ: BDGE) (the “Company”), the parent company of BNB Bank (“BNB”), today announced second quarter results for 2020.The Company’s second quarter 2020 financial results included:Net income for the 2020 second quarter of $10.7 million, or $0.54 per diluted share.Adjusted pre-tax pre-provision net revenue was $20.9 million, an increase of $3.9 million over both the 2020 first quarter and 2019 second quarter.Net interest income for the 2020 second quarter increased $4.9 million over the 2019 second quarter to $40.4 million, with a tax-equivalent net interest margin of 3.00%.Total assets of $6.2 billion at June 30, 2020, 30% higher than June 30, 2019.Loan growth of $1.2 billion, or 35%, compared to June 30, 2019, and $940.5 million, or 51% annualized,...

Gladstone Investment Corporation Reports Financial Results for its First Quarter Ended June 30, 2020

Written by Customer Service on July 28, 2020. Posted in Earnings Releases And Operating Results.

MCLEAN, Va., July 28, 2020 (GLOBE NEWSWIRE) — Gladstone Investment Corporation (Nasdaq: GAIN) (the “Company”) today announced earnings for its first quarter ended June 30, 2020. Please read the Company’s Quarterly Report on Form 10-Q filed today with the U.S. Securities and Exchange Commission (the “SEC”), which is available on the SEC’s website at www.sec.gov or the investor relations section of the Company’s website at www.gladstoneinvestment.com. Summary Information: (dollars in thousands, except per share data (unaudited)):Highlights for the Quarter: During the quarter ended June 30, 2020, the following significant events occurred:Distributions and Dividends:Paid the following monthly cash distributions to common stockholders and dividends to preferred stockholders for each of April, May, and June 2020:$0.07 per common share;$0.13020833...

Dime Community Bancshares, Inc. Increases Quarterly Earnings Per Share By 46% and Grows Net Interest Margin By 14 Basis Points on a Linked Quarter Basis

Written by Customer Service on July 28, 2020. Posted in Earnings Releases And Operating Results.

BROOKLYN, N.Y., July 28, 2020 (GLOBE NEWSWIRE) — Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime” or “its”), the parent company of Dime Community Bank (the “Bank”), today reported net income to common stockholders of $11.8 million for the quarter ended June 30, 2020, or $0.35 per diluted common share, compared with net income to common stockholders of $8.4 million for the quarter ended March 31, 2020, or $0.24 per diluted common share, and net income to common stockholders of $13.0 million for the quarter ended June 30, 2019, or $0.36 per diluted common share.Excluding the pre-tax impact of $3.9 million of severance expenses related to an organizational restructuring, $1.1 million of merger related expenses, and $3.1 million of income from gain on sale of securities, earnings per share (“EPS”) for the quarter...

First Community Bankshares, Inc. Announces Second Quarter Results and Quarterly Dividend

Written by Customer Service on July 28, 2020. Posted in Earnings Releases And Operating Results.

BLUEFIELD, Va., July 28, 2020 (GLOBE NEWSWIRE) — First Community Bankshares, Inc. (NASDAQ: FCBC) (www.firstcommunitybank.com) (the “Company”) today reported its unaudited results of operations and other financial information for the quarter ended June 30, 2020. The Company reported net income of $8.24 million, or $0.46 per diluted common share, for the quarter ended June 30, 2020, which was a decrease of $0.20, or 30.30%, over the same quarter of 2019. Net income was $16.11 million, or $0.90 per diluted common share, for the six months ended June 30, 2020, which represents a 29.13% decrease in per share diluted earnings compared to the same period of 2019.Additionally, today the Company declared a quarterly cash dividend to common shareholders of twenty-five cents ($0.25) per common share. The quarterly dividend is payable to common...

First Citizens BancShares Reports Earnings For Second Quarter 2020

Written by Customer Service on July 28, 2020. Posted in Earnings Releases And Operating Results.

RALEIGH, N.C., July 28, 2020 (GLOBE NEWSWIRE) — First Citizens BancShares Inc. (“BancShares”) (Nasdaq: FCNCA) reported strong earnings for the second quarter of 2020. Key results for the quarter ended June 30, 2020, are presented below:COVID-19 CRISIS PREPAREDNESS AND RESPONSEChairman and CEO, Frank B. Holding, Jr. Comments“I’m proud of the dedication and above-and-beyond efforts of our associates to assist our customers and communities in a difficult and evolving operating environment. I’m also grateful for the opportunity to support our business clients and their vital role in the markets we serve. Even in the midst of economic uncertainty, our company realized solid balance-sheet growth and maintained a high level of liquidity, which position us well to face stresses posed by this environment. We appreciate our clients’ ongoing...

Dynagas LNG Partners LP Declares Cash Distribution on Its Series B Preferred Units

Written by Customer Service on July 28, 2020. Posted in Public Companies.

ATHENS, Greece, July 28, 2020 (GLOBE NEWSWIRE) — Dynagas LNG Partners LP (the “Partnership”) (NYSE: “DLNG”), an owner and operator of LNG carriers, today announced that its Board of Directors has declared a cash distribution of $0.546875 per unit on its Series B Fixed to Floating Cumulative Redeemable Perpetual Preferred Units (the “Series B Preferred Units”) (NYSE: DLNG PR B) for the period from May 22, 2020 to August 21, 2020. The cash distribution is payable on August 24, 2020 to all preferred unit holders of record as of August 17, 2020.Distributions on the Series B Preferred Units will be payable quarterly in arrears on the 22nd day (unless the 22nd day falls on a weekend or public holiday, in which case the payment date is moved to the next business day) of February, May, August and November of each year, when, as and if...

First Quantum Minerals Declares Interim Dividend of CDN$0.005 per Share

Written by Customer Service on July 28, 2020. Posted in Public Companies.

TORONTO, July 28, 2020 (GLOBE NEWSWIRE) — First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX:FM) today announced that its Board of Directors has approved an interim dividend of CDN$0.005 per share in respect of the financial year ending December 31, 2019. The dividend will be paid on September 21, 2020 to shareholders of record on August 28, 2020. The Company has established a Dividend Reinvestment and Share Purchase Plan (the “Plan”) for its Canadian resident shareholders (“Eligible Shareholders”). The Plan enables Eligible Shareholders to reinvest the cash dividends paid on all or a portion of their Common Shares into additional Common Shares, which will be issued at 97% of the Average Market Price (as defined in the Plan) and provides the opportunity to make optional cash purchases of...

Day: July 28, 2020

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals