Month: July 2020

SAN RAFAEL, Calif., July 23, 2020 (GLOBE NEWSWIRE) — Westamerica Bancorporation’s Board of Directors approved a plan to repurchase, as conditions warrant, up to 1,750,000 shares of the Company’s common stock on the open market or in privately negotiated transactions prior to September 1, 2021. The repurchase plan represents approximately 6.5 percent of the Company’s common stock outstanding as of June 30, 2020.Chairman, President and CEO David Payne stated, “This share repurchase program recognizes Westamerica’s consistent profitability, healthy capital level, and solid asset quality.”On July 16, 2020, Westamerica reported $20 million in net income for the three months ended June 30, 2020 or $0.72 diluted earnings per common share.Westamerica Bancorporation, through its wholly owned subsidiary, Westamerica Bank, operates banking...

MALVERN, Pa., July 23, 2020 (GLOBE NEWSWIRE) — TELA Bio, Inc. (“TELA Bio”) (Nasdaq: TELA), a commercial stage medical technology company focused on designing, developing and marketing a new category of tissue reinforcement materials to address unmet needs in soft tissue reconstruction, announced that the company will report 2020 second quarter financial results on August 12, 2020. TELA Bio’s management will host a conference call and webcast at 4:30 p.m. ET that day to discuss the financial results and provide a corporate update. Conference Call and Webcast DetailsThe conference call can be accessed by dialing (855) 548-1219 for participants in the U.S. or Canada and (409) 217-8881 for international callers, using conference ID 6897439. A live and archived webcast of the event can be accessed via the Events &...

CONWAY, Ark., July 23, 2020 (GLOBE NEWSWIRE) — Home BancShares, Inc. (NASDAQ GS: HOMB), parent company of Centennial Bank, announced that they will host a second Fireside chat featuring their Retail and Other Commercial Real Estate segments. The call will be held Thursday, July 30, 2020 at 1:00pm CT (2:00pm ET). The management team of HOMB will host the call.To join the call participants can dial 1-877-508-9586 or join the live webcast at https://services.choruscall.com/links/homb200730.html. Pre-registration for the call is not required. A presentation will be available on the company website, www.homebancshares.com, at the start of the conference call.“During these uncertain times we wanted to stay connected to our investment community,” stated John Allison, Chairman. “This series of sector focused discussions has provided a successful...

FOR ADDITIONAL INFORMATION REGARDING OUR CONTINUED COVID-19 RESPONSE, FINANCIAL IMPACTS AND OUTLOOK, PLEASE REFER TO THE 2Q 2020 EARNINGS RELEASE SUPPLEMENT AVAILABLE IN THE INVESTOR RELATIONS SECTION OF WSFS’ WEBSITE (www.wsfsbank.com).WILMINGTON, Del., July 23, 2020 (GLOBE NEWSWIRE) — WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, today announced its financial results for the second quarter of 2020.Selected financial results and metrics are as follows:GAAP results for 2Q 2020 were significantly impacted by deterioration in economic forecasts since March 31, 2020 and the continued and anticipated impacts of COVID-19 resulting in $94.8 million of provision for credit losses for the quarter. GAAP results reflect significant items, including a $22.1 million net realized gain on sale of Visa Class...

RED BANK, N.J., July 23, 2020 (GLOBE NEWSWIRE) — OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), today announced that net income was $18.6 million, or $0.31 per diluted share, for the three months ended June 30, 2020, as compared to $19.0 million, or $0.37 per diluted share, for the corresponding prior year period. For the six months ended June 30, 2020, net income was $35.2 million, or $0.58 per diluted share, as compared to $40.2 million, or $0.79 per diluted share, for the corresponding prior year period.The results of operations for the three months ended June 30, 2020 include merger related and branch consolidation expenses, which decreased net income, net of tax benefit, by $3.0 million. Results of operations for the six months ended June 30, 2020 include ...

MILLERSBURG, Pa., July 23, 2020 (GLOBE NEWSWIRE) — Mid Penn Bancorp, Inc. (“Mid Penn”) (NASDAQ: MPB), the parent company of Mid Penn Bank (the “Bank”), today reported net income to common shareholders (earnings) for the quarter ended June 30, 2020 of $6,833,000 or $0.81 per common share basic and diluted, compared to earnings of $4,403,000 or $0.52 per common share basic and diluted for the quarter ended June 30, 2019.  Both the quarterly net income and the quarterly earnings per share represent the highest on record for Mid Penn Bancorp, Inc.  Earnings for the six months ended June 30, 2020 were $10,651,000 or $1.26 per common share basic and diluted, compared to earnings of $8,480,000 or $1.00 per common share basic and diluted for the six months ended June 30, 2019.Tangible book value per common share, a non-GAAP measure that...

HOUSTON, July 23, 2020 (GLOBE NEWSWIRE) — Archrock, Inc. (NYSE:AROC) (“Archrock”) will host a conference call on Friday, July 31, 2020, to discuss its second quarter 2020 financial and operating results. The call will begin at 11:00 a.m. Eastern Time. Archrock will release its second quarter 2020 earnings report prior to the conference call. To listen to the call via a live webcast, please visit Archrock’s website at www.archrock.com. The call will also be available by dialing 1-877-407-0784 in the United States and Canada, or 1-201-689-8560 for international calls. A replay of the conference call will be available on Archrock’s website for approximately seven days. Also, a replay may be accessed by dialing 1-844-512-2921 in the United States and Canada, or 1-412-317-6671 for international calls. The access code is 13706627.About...

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS      HALIFAX, Nova Scotia, July 23, 2020 (GLOBE NEWSWIRE) — Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (“Erdene” or the “Company”) is pleased to announce a non-brokered private placement of approximately C$20 million (“Private Placement”), led by a $15 million strategic investment from Mr. Eric Sprott. Paradigm Capital acted as lead financial advisor to Erdene on the transaction. Haywood Securities acted as co-advisor.“We are very pleased to have Mr. Sprott as a significant shareholder of Erdene,” said Mr. Peter Akerley, Erdene’s President and CEO. “His investment is a strong endorsement of Erdene’s high-grade Bayan Khundii Gold...

MELBOURNE, Fla., July 23, 2020 (GLOBE NEWSWIRE) — The Goldfield Corporation (NYSE American: GV), a leading provider of electrical construction services for the utility industry and industrial customers through its subsidiaries Power Corporation of America, C and C Power Line, Inc., Precision Foundations, Inc., and Southeast Power Corporation, with operations primarily in the Southeast, mid-Atlantic and Texas-Southwest regions of the United States, today announced it will issue second quarter 2020 financial results after the market closes on Wednesday, August 5. Investors can access the financial results (including any information required by Regulation G) at http://ir.goldfieldcorp.com/financial-results.The Company’s President and Chief Executive Officer John H. Sottile and Chief Financial Officer Stephen R. Wherry will host a conference...

MONTREAL, July 23, 2020 (GLOBE NEWSWIRE) — Imperial Mining Group Ltd. (“Imperial” or the “Corporation”) (TSX VENTURE: IPG) is pleased to announce that it closed the second and last tranche of a non-brokered private placement today (the “Offering”) of 1,515,000 shares on a “flow-though” basis at a prices of $0.07 per share and 15 414 998 units (each, a “Unit”) at a price of $0.055 per Unit for an aggregate gross proceeds $953,875. Each Unit is comprised of one (1) common share (each a “Share”) and one Share purchase warrant, with each warrant entitling the holder to acquire one (1) additional Share of the Corporation at a price of $0.055 over a period of 24 months from the closing date.The Corporation was able to raise a total of $1,391,285 in the Offering, $232,050 in shares and $1,159,235 in Units.The Corporation will...