Day: October 20, 2020

Third quarter includes closing of the Bank of Akron transaction, issuance of $57.8 million of preferred stock and a material reduction in COVID-19 related loan forbearancesCLEARFIELD, Pa., Oct. 20, 2020 (GLOBE NEWSWIRE) — CNB Financial Corporation (“CNB” or the “Corporation”) (NASDAQ: CCNE), the parent company of CNB Bank, today announced its earnings for the third quarter ended September 30, 2020.Joseph B. Bower, Jr., President and CEO, stated, “While we continued to support our customers and communities through these challenging times, CNB also accomplished the integration of Bank of Akron and the completion of our preferred stock offering. Both initiatives will provide the support needed to achieve our long-term objectives. I couldn’t be more pleased with our employees, clients and communities efforts to help each other...

First anti-alpha-synuclein antibody to advance into confirmatory large study in patients with early Parkinson’s disease; expected to initiate in 2021Prothena to earn a $60 million clinical milestone upon first patient dosedDUBLIN, Ireland, Oct. 20, 2020 (GLOBE NEWSWIRE) — Prothena Corporation plc (NASDAQ:PRTA), a late-stage clinical company with expertise in protein dysregulation and a diverse pipeline of investigational therapeutics for neurodegenerative and rare peripheral amyloid diseases, today announced that based on positive signals of efficacy consistent with disease modification in the PASADENA study, Roche and Prothena plan to advance prasinezumab into a Phase 2b study in patients with early Parkinson’s disease. The study will be designed to further assess the efficacy of prasinezumab by expanding upon the patient population...

CHICAGO, Oct. 20, 2020 (GLOBE NEWSWIRE) — Century Aluminum of South Carolina, a wholly-owned subsidiary of Century Aluminum Company (NASDAQ: CENX), today issued a notice to employees at its Mt. Holly, South Carolina aluminum smelter of its intent to curtail plant operations if the smelter is unable to secure a competitively priced power arrangement to deliver energy to the plant. The announcement was made pursuant to the federal Working Adjustment and Retraining Notification Act (WARN).If a competitively priced power arrangement cannot be secured, Century Aluminum of South Carolina will curtail 100% of smelter operations by no later than December 31, 2020, when its current power contract with the South Carolina Public Service Authority (also known as Santee Cooper) expires. Santee Cooper’s rates are the highest offered to any U....

GULFPORT, Miss., Oct. 20, 2020 (GLOBE NEWSWIRE) — Hancock Whitney Corporation (Nasdaq: HWC) today announced its financial results for the third quarter of 2020. Net income for the third quarter of 2020 was $79.4 million, or $0.90 per diluted common share (EPS), compared to a net loss of $117.1 million, or ($1.36) per diluted common share, in the second quarter of 2020. Net income for the third quarter of 2019 was $67.8 million, or $0.77 per diluted common share. The net loss for the second quarter of 2020 reflected a provision for credit losses of $306.9 million that included both a special provision related to the sale of $497 million in energy loans and an additional build in the reserve for credit losses related to COVID-19. The third quarter of 2019 included $28.8 million ($0.26 per share impact) of merger costs associated with...

WHITEHALL, Ohio, Oct. 20, 2020 (GLOBE NEWSWIRE) — Heartland BancCorp (“Heartland” and “the company”) (OTCQX: HLAN) today reported third quarter 2020 net income of $3.1 million, or $1.52 per diluted share, compared to net income of $3.0 million, or $1.52 per diluted share, in the second quarter of 2020, and $3.6 million, or $1.77 per diluted share, in the third quarter of 2019.   There were no acquisition-related expenses in the third quarter of 2020, compared to $1.3 million in acquisition-related expenses in the preceding quarter and no acquisition expenses in the third quarter a year ago. In the first nine months of 2020, net income was $9.0 million, or $4.46 per diluted share, compared to $9.7 million, or $4.77 per diluted share, in the first nine months of 2019.The company also announced its board of directors declared a quarterly...

HUNTINGTON BEACH, Calif., Oct. 20, 2020 (GLOBE NEWSWIRE) — BJ’s Restaurants, Inc. (NASDAQ: BJRI) announced the opening of its restaurant in Orange Village, Ohio. The new BJ’s Restaurant & Brewhouse opened on Monday, October 19, 2020, on a free standing pad on the southeast corner of I-271 and Harvard Road at Chagrin Highlands. The restaurant is approximately 7,500 square feet, seats approximately 230 guests and features BJ’s extensive menu, including BJ’s signature deep-dish pizza, award-winning handcrafted beer and famous Pizookie® dessert. BJ’s unique, contemporary décor provides the perfect environment for all dining occasions. Hours of operation are from 11:00 a.m. to 12:00 midnight Sunday through Thursday, and 11:00 a.m. to 1:00 a.m. Friday and Saturday.“We are excited to open our newest BJ’s restaurant in Orange Village,...

CHICAGO, Oct. 20, 2020 (GLOBE NEWSWIRE) — BLGI, Inc. (OTCBB: BLGID) (“BLGI” or the “Company”) announced that in furtherance of the restructuring of the Company, it filed Amended and Restated Articles of Incorporation with the State of Florida, effective as of October 8, 2020, to consolidate its capital by a 20:1 reverse split of its Common Stock and reduce the number of shares of Common Stock it is authorized to issue from 490,000,000 to 200,000,000 shares. The Company has also changed its name from Black Cactus Global, Inc. to BLGI, Inc. The Company’s Common Stock began trading on a post-reverse split basis on October 16, 2020. The Current Report on Form 8-K filed with the Securities and Exchange Commission on October 16, 2020, reporting the filing of the Company’s Amended and Restated Articles of Incorporation and reverse split,...

TORONTO, Oct. 20, 2020 (GLOBE NEWSWIRE) — Shawcor Ltd. (TSX: SCL) announced today that it will report its financial results for the period ended September 30th, 2020 on Thursday, November 12th, 2020 after the close of trading on the TSX.A conference call/webcast to discuss these results will be held on Friday, November 13th at 9:00am ET.Please visit the Shawcor Investor Centre website at shawcor.com or use the following link : https://edge.media-server.com/mmc/p/48xiyixv for further details.Paul PierrozSenior Vice President, Corporate and Investor RelationsTelephone: 416.744.5540Email: paul.pierroz@shawcor.comshawcor.comSource: Shawcor Ltd.

BEVERLY, Mass., Oct. 20, 2020 (GLOBE NEWSWIRE) — ATN International, Inc. (Nasdaq: ATNI) announced today that it will report the third quarter 2020 results on Wednesday, October 28, 2020, at approximately 5:00 p.m. (ET).In addition, the Company will host a conference call to discuss its results at 11:00 a.m. (ET) on Thursday, October 29, 2020.  Dial-in and online information for the conference call is as follows:A replay of the conference call will be available at ir.atni.com beginning at approximately 2:00 p.m. (ET) on Thursday, October 29, 2020.About ATNATN International, Inc. (Nasdaq: ATNI), headquartered in Beverly, Massachusetts, invests in and operates communications, energy and technology businesses in the United States and internationally, including the Caribbean region and Asia-Pacific, with a particular focus on markets...

EXECUTIVE SUMMARYFinancial highlights Q3 2020Orders received were EUR 282.5m (3Q19: 285.0m).The order book was EUR 434.3m (2Q20: 439.0m, 3Q19: 431.9m).Revenues were EUR 287.2m (3Q19: 312.5m).EBIT* was EUR 44.1m (3Q19: 44.3m), translating to an EBIT* margin of 15.4% (3Q19: 14.2%).Net result was EUR 29.4m (3Q19: 33.4m).Basic earnings per share (EPS) were EUR 3.93 cents (3Q19: 4.38 cents).Cash flow from operating activities before interest and tax in the quarter was EUR 54.1m (3Q19: 47.7m). Free cash flow at EUR 36.6m (3Q19: 29.0m).Net debt/EBITDA was 0.5x at quarter end (2Q20: 0.6x). Targeted capital structure is 2-3x net debt/EBITDA.Successful closing of TREIF acquisition on 8 October 2020, leverage was at 1.1x post the acquisition.Financial highlights 9M 2020Orders received were EUR 914.4m (9M19: 919.5m).Revenues were EUR 894.5m (9M19:...