Month: July 2020

LOS ANGELES, July 21, 2020 (GLOBE NEWSWIRE) — Preferred Bank (NASDAQ: PFBC), an independent commercial bank, today reported results for the quarter ended June 30, 2020. Preferred Bank (“the Bank”) reported net income of $15.3 million or $1.03 per diluted share for the second quarter of 2020. This is down from net income of $20.0 million or $1.31 per diluted share for the second quarter of 2019 and also down from net income of $16.2 million or $1.08 per diluted share for the first quarter of 2020. The primary reason for the decrease compared to both periods is the provision for credit losses, which totaled $7.5 million for the second quarter of 2020, as compared to $1.6 million in the second quarter of 2019 and compared to $5.3 million in the first quarter of 2020. The higher provision for this quarter is primarily due to the ongoing...

Not for distribution to U.S. news wire services or for dissemination in the United StatesTORONTO, July 21, 2020 (GLOBE NEWSWIRE) — Avante Logixx Inc. (TSX.V: XX) (OTC: ALXXF) (“Avante” or the “Company”) is pleased to announce that it will release its financial results for the quarter & year ended March 31, 2020 after market close on Wednesday, July 29, 2020 and a news release will be disseminated at that time with an earnings call at 8:30 AM EST on Thursday, July 30, 2020.CONFERENCE CALLAvante will be hosting a conference call to discuss the above financial results on Thursday July 30, 2020, at 8:30 AM EST.Dial in details are as follows:  Local: (+1) 416-764-8658            Toll Free: (+1) 888-886-7786                   Conference ID: 47284588Playback details below, available until March 18, 2020:Local: (+1) 416-764-8692           ...

WILMINGTON, Del., July 21, 2020 (GLOBE NEWSWIRE) — Navient (Nasdaq: NAVI), a leading provider of education loan management and business processing solutions, today posted its 2020 second-quarter financial results. The complete financial results release is available on the company’s website at Navient.com/investors.The results will also be available on Form 8-K on the SEC’s website at www.sec.gov.Navient will hold a conference call tomorrow, July 22, 2020 at 8 a.m. ET, hosted by Jack Remondi, president and CEO, and Ted Morris, controller and acting CFO.To access the conference call, dial 855-838-4156 (USA and Canada) or 267-751-3600 (international) and use access code 1379878 starting at 7:45 a.m. ET. The live audio webcast will be available on Navient.com/investors. Supplemental financial information and presentation slides used...

GLENVILLE, N.Y., July 21, 2020 (GLOBE NEWSWIRE) — TrustCo Bank Corp NY (TrustCo, NASDAQ: TRST) · TrustCo Bank Corp NY today announced second quarter 2020 net income of $11.3 million or $0.117 diluted earnings per share, and $24.6 million or $0.254 diluted earnings per share for the six months ended June 30, 2020.SummaryRobert J. McCormick, Chairman, President and Chief Executive Officer noted, “As we continue to navigate COVID-19 and its effects on our families and neighbors, I’d like to reaffirm Trustco Bank’s commitment to serving our communities through careful financial management and high-quality service. This enduring mission guides us as we respond to this situation by providing you with the information, support, and advice you need to manage your finances in this market and plan for your future. We continue to remain thankful...

Ms. Julie Eastland, a strategic and financial executive with over 25 years of experience in biotechnology companiesMr. Brent MacGregor, a senior executive with over 20 years of global strategy and commercial experience in the vaccines industryEMERYVILLE, Calif., July 21, 2020 (GLOBE NEWSWIRE) —  Dynavax Technologies Corporation (Nasdaq: DVAX), a biopharmaceutical company focused on developing and commercializing novel vaccines, today announced the appointment of Ms. Julie Eastland and Mr. Brent MacGregor to its Board of Directors.“We are delighted to welcome Julie and Brent, both highly experienced professionals within their respective fields, to the Dynavax Board of Directors,” commented Ryan Spencer, Chief Executive Officer of Dynavax. “I look forward to their strategic input as Dynavax continues to build a leading vaccine company...

CLEARFIELD, Penn., July 21, 2020 (GLOBE NEWSWIRE) — CNB Financial Corporation (“CNB” or the “Corporation”) (NASDAQ: CCNE), the parent company of CNB Bank, today announced its earnings for the second quarter ended June 30, 2020.Joseph B. Bower, Jr., President and CEO, stated, “Like most community banks across America, we spent the second quarter continuing to help our customers navigate through this difficult period. It has been challenging, yet very rewarding, for us to be able to help keep our communities safe, employed and encouraged for the future. CNB is fortunate to operate in an environment of strong work ethic and I believe this is why we had a favorable financial performance this quarter and why our outlook remains positive.”Earnings Performance HighlightsThe three months ended June 30, 2020 include merger costs related...

DENVER, July 21, 2020 (GLOBE NEWSWIRE) — National Bank Holdings Corporation (NYSE: NBHC) reported:                                                      In announcing these results, Chief Executive Officer Tim Laney shared, “My teammates continue to tackle the challenges presented by the COVID-19 pandemic head on. We remain focused on our priorities to 1) protect the health of our associates and clients, 2) ensure the safety and soundness of our bank, and 3) act on every opportunity to prudently support our clients and the communities where we do business. While executing on these priorities during the second quarter, we delivered adjusted net income of $0.62 per diluted share, $0.12 per share higher than the first quarter. We maintained excellent credit quality with low annualized net charge-offs of just 0.05% during the second...

CHARLOTTE, N.C., July 21, 2020 (GLOBE NEWSWIRE) — Coca-Cola Consolidated, Inc. (NASDAQ: COKE) will issue a news release after the market closes on August 4, 2020 to announce its financial results for the second quarter ended June 28, 2020 and the first half of fiscal 2020.About Coca-Cola Consolidated, Inc.Coke Consolidated is the largest Coca-Cola bottler in the United States. Our Purpose is to honor God, serve others, pursue excellence and grow profitably. For 118 years, we have been deeply committed to the consumers, customers, and communities we serve and passionate about the broad portfolio of beverages and services we offer. We make, sell, and deliver beverages of The Coca-Cola Company and other partner companies in more than 300 brands and flavors to 66 million consumers in territories spanning 14 states and the District of...

SANTA CLARA, Calif., July 21, 2020 (GLOBE NEWSWIRE) — Shockwave Medical, Inc. (Nasdaq: SWAV), a pioneer in the development and commercialization of Intravascular Lithotripsy (IVL) to treat complex calcified cardiovascular disease, today announced it will report financial results for the second quarter 2020 after market close on Tuesday, August 11, 2020. Company management will host a corresponding teleconference that will be webcasted live beginning at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time. Investors interested in listening to the conference call may do so by dialing (866) 795-9106 for domestic callers or (470) 495-9173 for international callers, using conference ID: 8889064. A live and archived webcast of the event will be available at https://ir.shockwavemedical.com.  About Shockwave Medical, Inc.Shockwave Medical is...